Commercial Property in Gonzales,
407 E Ascension St Gonzales, LA 70737
407 E Ascension St, Gonzales, LA, 70737
$169,900
For Sale
$169,900
Commercial property for sale in the heart of Gonzales, Louisiana.
Property Size1,205 SF
Lot Size0.14 Acres
Price / SF$140
Days on Market738
Property Features for 407 E Ascension St
General Information
- Standard status
- Active
- Size
- 1,205 SF
- Lot size
- 0.14 Acres
Listing agency
Scot Himel
(225) 954-0611
Listed by
Tracy Himel · License #0995683278
(225) 954-0611
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 6 at 9:51AM Checked: Jul 19 at 7:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scot Himel
Investment Insights
Based on property information with market context.
This commercial property is located in the heart of Gonzales, Louisiana. Zoned C-1, the property is situated on a 50' x 120' lot and features an approximate 1,205 sqft cottage-style building, currently operating as a gift and antique shop. The property also includes a 10x16 wood storage shed and a 10x13 metal storage shed. Located in Flood Zone "X", no flood insurance is required. The zoning allows for a variety of uses, including office, boutique, retail sales, group living, social service, and medical. The property will be within walking distance of the new train depot coming to Ascension.
Key Highlights
- Zoned C‑1, offering a wide range of commercial possibilities like office, retail, or medical.
- Located in the heart of Gonzales, LA.
- Flood Zone "X" - No Flood Insurance Required.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.7k | $18.00 |
| − Vacancy | −$4.8k | −$3.96 |
| EGI | $16.9k | $14.04 |
| − OpEx | −$4.2k | −$3.51 |
| NOI | $12.7k | $10.53 |
1,205 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$181.3K
$158.6K – $211.5K
NOI $12,689 @ 7.0% cap · market cap 7.47%
Second Best
Retail
$162.7K
$142.3K – $189.8K
NOI $11,387 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$264.4K
$231.4K – $308.5K
NOI $18,509 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cole's Collectibles
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial property for sale in the heart of Gonzales, Louisiana.
Where is this retail space located?
The property is located at 407 E Ascension St Gonzales, LA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Zoned C‑1, offering a wide range of commercial possibilities like office, retail, or medical.; Located in the heart of Gonzales, LA.; Flood Zone "X" - No Flood Insurance Required.
