Upgraded Flex
For Sale
$229,000
1615 Anse Broussard Hwy, Breaux Bridge, LA 70517
Updated commercial space suited for restaurant, bakery, retail, or gym operations.
Property Size3,200 SF
Price / SF$71.56
Days on Market66
Property Features for 1615 Anse Broussard Hwy
General Information
Standard status
Active
Size
3,200 SF
Listing Agency:
EXP Realty, LLC
Listed By:
Alina Perro · License #0995695121
(337) 523-1284
Source:
Athomerealtyla
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 7 at 3:18PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 3,200-square-foot flex space at 1615 Anse Broussard Hwy in Breaux Bridge, Louisiana, includes completed upgrades and a configuration that can support several commercial concepts. The property may be adapted for a restaurant, bakery, retail shop, or gym, offering flexibility for different operating formats.
Key Highlights
- 3200 SF flex space
- Completed upgrades already in place
- Potential restaurant or bakery use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,867
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,340
$417.3K
Cap Rate 7%
$298,100
$298.1K
Cap Rate 9%
$231,856
$231.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$36.5K $11.40/SF
− Vacancy
−$4.4K −$1.37/SF
EGI
$32.1K $10.03/SF
− OpEx
−$11.2K −$3.51/SF
NOI
$20.9K $6.52/SF
Area
St. Martin County, LA
Vacancy
12.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,340
Cap Rate 7%
$298,100
Cap Rate 9%
$231,856
Alternative Uses
Best Use
Flex RnD
$298.1K
$260.8K – $347.8K
NOI $20,867 @ 7.0% cap · market cap 9.11%
Second Best
Industrial
$233.4K
$204.2K – $272.3K
NOI $16,336 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$702.7K
$614.9K – $819.8K
NOI $49,190 @ 7.0% cap · market cap 21.48%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 70517, LA
26,434
Population
11,884
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
81%
High-School Grad
168.7 sq mi
ZIP Area
157
Density / Sq Mi
$58,342
Median Household Income
$40,119
Median Earnings
$938
Median Rent
$151,600
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial space suited for restaurant, bakery, retail, or gym operations.
Where is this flex space located?
The property is located at 1615 Anse Broussard Hwy Breaux Bridge, LA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 3200 SF flex space; Completed upgrades already in place; Potential restaurant or bakery use
