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    310 Main St Gramercy, LA 70052

    For Sale
    $525,000

    Stable NNN Lease, High-Traffic Location

    Property size:
    14,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment property, located at 310 E Main Street in Gramercy, Louisiana, presents a rare opportunity to acquire a stabilized, single-tenant NNN investment. The nearly 15,000 square foot building is currently leased to Variety Wholesalers (operating as Roses Express), a national retailer with a long-standing presence at this location since 1989. The tenant recently extended their lease for a five-year term in 2021 and shows no signs of relocating, further solidifying the investment's stability. Variety Wholesalers' recent announcement of acquiring additional stores nationwide underscores their continued growth and commitment to this location. The property boasts ample off-street parking and excellent street visibility on Main Street. Significant improvements have been made, including a new roof installed around 2022 and extensive renovations following Hurricane Ida to modernize and repair the building. The current annual lease payment is $38,500 plus NNN expenses, supplemented by an average annual percentage rent of approximately $1,200. Situated in Gramercy, between New Orleans and Baton Rouge, directly on the Mississippi River, this property serves as a vital shopping destination in the area. This is a strong, cash-flowing investment with a proven track record and significant upside potential.

    Property Features for 310 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    14,000 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rose's Discount Store Discount Store Rose's Discounts Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gramercy
    County
    St. James
    State
    Louisiana
    Longitude
    -90.68791
    Latitude
    30.04799

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    Nearby Similar for Sale

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      Gramercy Retail Investment Opportunity

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    FAQs

    What type of property is this?
    Commercial real estate - Stable NNN Lease, High-Traffic Location
    Where is this commercial real estate located?
    The property is located at 310 Main St Gramercy, LA.
    What is the asking price?
    The asking price for this property is $525,000.
    (504) 301-1002
    Request Owner's contact information
    310 Main St Gramercy, LA 70052
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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
    310 Main St Gramercy, LA 70052
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