Retail Space with
For Sale
$130,000
Pending
2627 Veterans Memorial Drive, Abbeville, LA 70510
Commercial Sale, Abbeville, LA
Property Size640 SF
Lot Size0.21 Acres
Days on Market139
Property Features for 2627 Veterans Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Heading south on Hwy 167, turn left onto Veterans Memorial Dr. Continue approximately .5 miles. Property on the left
Subdivision
V1
Standard status
Pending
APN
Ra425151
Size
640 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
.188 AC in SEC 30 T 12 R 4 E TRACT 1-A-1 (PLAT 2024002351) .023 AC IN SEC 30 T 12 R 4 E TRACT 2-A-1 (PLAT 2024002351)
Tax Annual Amount
800
Legal Description
.188 AC in SEC 30 T 12 R 4 E TRACT 1-A-1 (PLAT 2024002351) .023 AC IN SEC 30 T 12 R 4 E TRACT 2-A-1 (PLAT 2024002351)
Utilities
Sewer type
Private Sewer, Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Wood
Roof type
Composition
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brittany LeBlanc · License #995709191
(337) 254-2730
Added: Jun 9
Changed: Oct 23
Last Checked: Oct 25 at 6:06AM
MLS# 2600005150
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 640-square-foot retail space on a 0.21-acre site has an open work area, a private office, and an interior restroom, with an additional restroom outdoors. Wood flooring, central heating and air conditioning, and a composition roof are among the building features. Limestone and asphalt drive areas serve the site.
The property is on Veterans Memorial Drive in Abbeville, near the downtown business district. Public water and both public and private sewer are listed, along with electricity availability.
The property is on Veterans Memorial Drive in Abbeville, near the downtown business district. Public water and both public and private sewer are listed, along with electricity availability.
Key Highlights
- 640‑square‑foot retail space on a 0.21‑acre site
- Open work area, private office, and interior restroom
- Separate restroom located outside the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,762
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,240
$155.2K
Cap Rate 7%
$110,886
$110.9K
Cap Rate 9%
$86,244
$86.2K
Market Conditions
NOI Build-Up for 640 SF
Gross rent
$12.1K $18.84/SF
− Vacancy
−$969 −$1.51/SF
EGI
$11.1K $17.33/SF
− OpEx
−$3.3K −$5.20/SF
NOI
$7.8K $12.13/SF
Area
Vermilion County, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,240
Cap Rate 7%
$110,886
Cap Rate 9%
$86,244
Alternative Uses
Best Use
Retail
$110.9K
$97.0K – $129.4K
NOI $7,762 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$151.3K
$132.4K – $176.5K
NOI $10,592 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The layout includes an open work area, private office, and restrooms inside and outside the building.
Where is this retail space located?
The property is located at 2627 Veterans Memorial Drive Abbeville, LA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: 640‑square‑foot retail space on a 0.21‑acre site; Open work area, private office, and interior restroom; Separate restroom located outside the building
