Convenience Store with
For Sale
$115,000
1200 S State St, Abbeville, LA 70510
Established neighborhood retail property with coolers and related operating equipment included.
Property Size1,080 SF
Price / SF$106.48
Days on Market43
Property Features for 1200 S State St
General Information
Standard status
Active
Size
1,080 SF
Additional Details
Road Access
Yes
Listing Agency:
Sunrise Realty LLC
Listed By:
James A Noel Jr. · License #19327
(337) 296-3822
Source:
Athomerealtyla
Added: Aug 26
Changed: Oct 2
Last Checked: Oct 5 at 9:36PM
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 Sunrise Realty LLC
Investment Insights
Based on property information with market context.
This convenience store property is positioned at 1200 S State St in Abbeville, Louisiana, along a major roadway serving an established residential community. The existing improvements include coolers and other associated equipment, which will remain with the property.
The site is located south of downtown Abbeville. The current ownership group operated the establishment for approximately 15 years before retiring, providing a documented operating history for the existing convenience-store use.
The site is located south of downtown Abbeville. The current ownership group operated the establishment for approximately 15 years before retiring, providing a documented operating history for the existing convenience-store use.
Key Highlights
- Coolers and associated operating equipment remain with the property
- Located along a major roadway in an established residential community
- 1200 S State St, Abbeville, LA 70510
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,096
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$101,920
$101.9K
Cap Rate 7%
$72,800
$72.8K
Cap Rate 9%
$56,622
$56.6K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$7.6K $7.08/SF
− Vacancy
−$367 −$0.34/SF
EGI
$7.3K $6.74/SF
− OpEx
−$2.2K −$2.02/SF
NOI
$5.1K $4.72/SF
Area
Vermilion County, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$101,920
Cap Rate 7%
$72,800
Cap Rate 9%
$56,622
Alternative Uses
Best Use
Specialty Retail
$200.5K
$175.4K – $233.9K
NOI $14,033 @ 7.0% cap · market cap 12.20%
Second Best
Retail
$187.1K
$163.7K – $218.3K
NOI $13,098 @ 7.0% cap · market cap 11.39%
Theoretical Best
Office A
$255.3K
$223.4K – $297.9K
NOI $17,874 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70510, LA
24,074
Population
11,603
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
82%
High-School Grad
233.0 sq mi
ZIP Area
103
Density / Sq Mi
$50,881
Median Household Income
$37,079
Median Earnings
$789
Median Rent
$150,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Robie's Food Center — 604 S State St, Abbeville, LA 70510
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established neighborhood retail property with coolers and related operating equipment included.
Where is this grocery and convenience store located?
The property is located at 1200 S State St Abbeville, LA.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Coolers and associated operating equipment remain with the property; Located along a major roadway in an established residential community; 1200 S State St, Abbeville, LA 70510
