Retail-Ready Office with
2627 Veterans Memorial Dr Abbeville, LA 70510
For Sale
$130,000
Functional commercial space includes an open work area, private office, and both interior and exterior restrooms.
Property Size640 SF
Price / SF$203.13
Days on Market46
Property Features for 2627 Veterans Memorial Dr
General Information
- Standard status
- Active
- Size
- 640 SF
Listing Agency:
Compass
(337) 254-2730
Listed By:
Brittany LeBlanc · License #995709191
(337) 254-2730
Source:
Exprealty
Added: Jun 9
Changed: Jul 24
Last Checked: Jul 24 at 6:49AM
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 Compass
Investment Insights
Based on property information with market context.
This commercial property offers a functional interior layout with an open work area, a private office, and an interior restroom. There is also an exterior restroom on site, supporting a variety of small business and service formats.
The property includes limestone/asphalt drive areas and is located on Veterans Memorial Drive with convenient access near Abbeville’s downtown business district. Utilities for the site include city water, sewer, and electricity.
With its combination of office space and restroom facilities, the building can support office use and retail-oriented concepts, including a drive-thru setup.
The property includes limestone/asphalt drive areas and is located on Veterans Memorial Drive with convenient access near Abbeville’s downtown business district. Utilities for the site include city water, sewer, and electricity.
With its combination of office space and restroom facilities, the building can support office use and retail-oriented concepts, including a drive-thru setup.
Key Highlights
- Commercial property on Veterans Memorial Dr in Abbeville with an open work area, private office, and interior restroom
- Also includes an exterior restroom for added convenience
- Site features limestone/asphalt drive areas
Financial Insights For Retail
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 | $12.1k | $18.84 |
| − Vacancy | −$969 | −$1.51 |
| EGI | $11.1k | $17.33 |
| − OpEx | −$3.3k | −$5.20 |
| NOI | $7.8k | $12.13 |
640 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%
Alternative Uses
Best Use
Retail
$110.9K
$97.0K – $129.4K
NOI $7,762 @ 7.0% cap · market cap 5.97%
Second Best
Office B
$106.4K
$93.1K – $124.1K
NOI $7,448 @ 7.0% cap · market cap 5.73%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Classic Cup LLC
Cafe & Coffee Shop
FAQs
What type of property is this?
Office units - Functional commercial space includes an open work area, private office, and both interior and exterior restrooms.
Where is this office units located?
The property is located at 2627 Veterans Memorial Dr 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: Commercial property on Veterans Memorial Dr in Abbeville with an open work area, private office, and interior restroom; Also includes an exterior restroom for added convenience; Site features limestone/asphalt drive areas
