Mixed-Use Property with
280 W Pine Street, Ponchatoula, LA 70454
For Sale
$1,480,000
A renovated restaurant unit is paired with an open-plan space ready for build-out.
Property Size8,320 SF
Price / SF$177.88
Days on Market250
Property Features for 280 W Pine Street
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Berkshire Hathaway HS - Hammond
(985) 718-1482
Listed By:
Katelyn Pfister · License LA #995688944
(985) 351-6463
Source:
Cypresskeyrealty
Added: Mar 5
Changed: Nov 8
Last Checked: Nov 8 at 4:04PM
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 Berkshire Hathaway HS - Hammond
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Investment Insights
Based on property information with market context.
The 8,320-square-foot mixed-use property includes a restaurant unit and a second, open-concept space measuring 2,100 square feet. The restaurant area has been remodeled, with a vaulted 22-foot ceiling in the bar and a 14-foot coffered octagonal ceiling with inset LED lighting in the dining area. Italian porcelain tile, impact windows, and updated electrical and plumbing are also in place.
The second unit is configured as open space and awaits a tenant-specific build-out. C1 zoning applies to the property, which was built in 1971.
The second unit is configured as open space and awaits a tenant-specific build-out. C1 zoning applies to the property, which was built in 1971.
Key Highlights
- 8,320‑square‑foot mixed‑use property with restaurant and second unit
- Restaurant unit features a vaulted 22ft bar ceiling and 14ft coffered octagonal dining ceiling
- Dining area includes LED inset lighting and Italian porcelain tile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,417
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,288,340
$2.3M
Cap Rate 7%
$1,634,529
$1.6M
Cap Rate 9%
$1,271,300
$1.3M
Market Conditions
NOI Build-Up for 8,320 SF
Gross rent
$159.7K $19.20/SF
− Vacancy
−$7.2K −$0.86/SF
EGI
$152.6K $18.34/SF
− OpEx
−$38.1K −$4.58/SF
NOI
$114.4K $13.75/SF
Area
Tangipahoa County, LA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,288,340
Cap Rate 7%
$1,634,529
Cap Rate 9%
$1,271,300
Alternative Uses
Best Use
Specialty Retail
$1.63M
$1.43M – $1.91M
NOI $114,417 @ 7.0% cap · market cap 7.73%
Second Best
Mixed Use
$543.1K
$475.2K – $633.7K
NOI $38,019 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,548 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 40%
Hotels & Casinos 1%
Family Dollar
Shops & Services
10,992 visits/mo
0.2 miles
Maxway
Shops & Services
9,715 visits/mo
0.2 miles
La Carreta
Dining
8,577 visits/mo
0.2 miles
Pizza Hut
Dining
4,929 visits/mo
0.1 miles
Regions Bank
Shops & Services
3,979 visits/mo
0.1 miles
Demographics for 70454, LA
32,154
Population
14,132
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
87%
High-School Grad
174.6 sq mi
ZIP Area
184
Density / Sq Mi
$70,560
Median Household Income
$46,159
Median Earnings
$1,124
Median Rent
$219,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A renovated restaurant unit is paired with an open-plan space ready for build-out.
Where is this mixed-use property located?
The property is located at 280 W Pine Street Ponchatoula, LA.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: 8,320‑square‑foot mixed‑use property with restaurant and second unit; Restaurant unit features a vaulted 22ft bar ceiling and 14ft coffered octagonal dining ceiling; Dining area includes LED inset lighting and Italian porcelain tile
