Retail Strip Center with Overhead
1990 Florida Avenue Southwest Denham Springs, LA 70726
1990 Florida Avenue Southwest, Denham Springs, LA, 70726
$615,000
For Sale
$615,000
Three-unit retail strip center in Denham Springs with a remodeled vacant suite featuring a loading dock and 10' overhead door.
Property Size5,740 SF
Price / SF$107.14
Days on Market122
Property Features for 1990 Florida Avenue Southwest
General Information
- Standard status
- Active
- Size
- 5,740 SF
- Property subtype
- OFC, OFC-BLDG
Building Details
- Year Built
- 1985
Listing agency
KW Commercial - BR
(225) 405-3257
Listed by
David Vercher · License #0056494, Louisiana
(225) 405-3257
Source
Realnex
Added: Mar 23 Updated: Jul 21 at 7:59PM Checked: Jul 22 at 2:14AM
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 KW Commercial - BR
Investment Insights
Based on property information with market context.
Well-positioned three-unit retail strip center in Denham Springs, LA, located at 1990 Florida Avenue Southwest. The property totals approximately 5,740 rentable square feet and offers a mix of occupied and vacant space, creating an owner-occupant or investor option. Units A and B are currently leased to a long-term tenant with combined rental income of $2,900 per month.
Unit C is vacant and available for lease, totaling approximately 2,800 square feet. The suite was completely remodeled in 2022 and includes contemporary finishes, a loading dock, and one 10' x 10' overhead door. The center is zoned C-3 and features a flexible layout with one office buildout and two open floor plan retail spaces.
The property is offered under a modified gross lease structure with CAM of $0.75/SF, which includes water, lawn, and dumpster service. The sale is presented as-is with full waiver of warranty and redhibition rights.
Unit C is vacant and available for lease, totaling approximately 2,800 square feet. The suite was completely remodeled in 2022 and includes contemporary finishes, a loading dock, and one 10' x 10' overhead door. The center is zoned C-3 and features a flexible layout with one office buildout and two open floor plan retail spaces.
The property is offered under a modified gross lease structure with CAM of $0.75/SF, which includes water, lawn, and dumpster service. The sale is presented as-is with full waiver of warranty and redhibition rights.
Key Highlights
- Well‑positioned 3‑unit retail strip center on highly visible Florida Boulevard in Denham Springs, built in 1985
- About 5,740 rentable SF with Units A and B leased to a long‑term tenant for combined rental income of $2,900/month
- Unit C is vacant (about 2,800 SF) and available for lease at $2,800/month; previously owner‑occupied
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 | $75.1k | $13.08 |
| − Vacancy | −$1.9k | −$0.33 |
| EGI | $73.2k | $12.75 |
| − OpEx | −$18.3k | −$3.19 |
| NOI | $54.9k | $9.56 |
5,740 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.50M
NOI $89,812 @ 7.0% cap · market cap 14.60%
Second Best
Office B
$784.3K
$686.3K – $915.0K
NOI $54,902 @ 7.0% cap · market cap 8.93%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,227 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kingdom Builders World ...
Church
Wisdom’s Call Fellowship
Church
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FAQs
What type of property is this?
Strip mall - Three-unit retail strip center in Denham Springs with a remodeled vacant suite featuring a loading dock and 10' overhead door.
Where is this strip mall located?
The property is located at 1990 Florida Avenue Southwest Denham Springs, LA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Well‑positioned 3‑unit retail strip center on highly visible Florida Boulevard in Denham Springs, built in 1985; About 5,740 rentable SF with Units A and B leased to a long‑term tenant for combined rental income of $2,900/month; Unit C is vacant (about 2,800 SF) and available for lease at $2,800/month; previously owner‑occupied
