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    423 Martin Luther King Dr Cullen, LA 71055

    For Sale
    $69,900

    Drive-Thru Liquor Store, High Traffic Area

    Property size:
    1,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional commercial property, located at 423 Martin Luther King Drive in Cullen, Louisiana, presents a unique investment opportunity. Situated at the intersection of Martin Luther King Drive and Henrietta White Blvd. in downtown Cullen, this high-traffic location boasts excellent visibility and accessibility. The 1,200 square foot building, constructed of cinder block and brick with a durable metal roof, was previously operated as a successful drive-thru liquor store. The property includes a convenient covered drive-thru window, a full bathroom, a substantial walk-in cooler, ample shelving, and several freestanding coolers, all ready for immediate use. The building sits on a 0.2-acre lot, providing ample space for potential expansion or outdoor improvements. The property's history as a thriving liquor store offers a proven business model, and its prime location ensures continued success for future ventures. The seller may consider owner financing with a 25% down payment, making this an attractive option for qualified buyers. The asking price is $69,900. This is a rare opportunity to acquire a well-established commercial property in a desirable location.

    Property Features for 423 Martin Luther King Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,200 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1990
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cullen
    County
    Webster
    State
    Louisiana
    Longitude
    -93.28333
    Latitude
    32.6093

    Nearby Comparable

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      Cullen Commercial Property with Drive-Thru

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      Versatile Commercial Building in Minden

      Fully leased commercial property in a high-visibility location.
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    • $220,000
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      Versatile Commercial Property in Minden

      Commercial property with warehouse, office space, and fenced perimeter.
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    • $350,000
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      Downtown Minden Office Complex

      High-yield investment opportunity in Minden, LA.
      400-408 Broadway St, Minden, LA 71055
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    • $175,000
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      Charming Retail Building Near Downtown

      Cottage-style commercial building ideal for boutique or office.
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    • $480,000
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      Historic Downtown Minden Redevelopment Opportunity

      Historic building in downtown Minden with redevelopment potential.
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      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Drive-Thru Liquor Store, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 423 Martin Luther King Dr Cullen, LA.
    What is the asking price?
    The asking price for this property is $69,900.
    Request Owner's contact information
    423 Martin Luther King Dr Cullen, LA 71055
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    Cullen, LA 71055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    423 Martin Luther King Dr Cullen, LA 71055
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