Strip Center with
For Sale
$3,200,000
648 E Hwy 30, Gonzales, LA 70737
C-1-zoned retail center with leased service uses and suites available for tenant build-out.
Property Size9,730 SF
Price / SF$328.88
Days on Market109
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Property Features for 648 E Hwy 30
General Information
Standard status
Active
Size
9,730 SF
Property subtype
Retail
Zoning
C-1
Listing Agency:
G R B Real Estate, Inc
Listed By:
Gary Binns · License #LA#71391
(225) 677-6767
Source:
Lacdb.resimplifi
Added: Jun 29
Changed: Oct 11
Last Checked: Oct 14 at 7:40PM
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 G R B Real Estate, Inc
Investment Insights
Based on property information with market context.
This 9,730-square-foot strip center includes a 4,730-square-foot leased restaurant with drive-through and FF&E, a 2,000-square-foot leased laundromat, and a 1,000-square-foot leased salon. Two additional 1,000-square-foot suites are prepared for tenant build-out, creating a mix of occupied and available retail space.
The property is located at 648 E Hwy 30 in Gonzales, between I-10 and LA 44. It sits across from the Heritage Crossing development and beside the Park Eastbank Center, with OLOL Hospital approximately 1/4 mile away. Reported traffic volume is 21,000+ vehicles per day. Area tenants include Alexanders Market, Agave Blue, Tractor Supply, Tire Engineers, Sony's BBQ, Five Guys Burgers, Crumbl Cookies, Walgreens, Ollie's, Albasha Restaurant, and other established businesses.
The property is located at 648 E Hwy 30 in Gonzales, between I-10 and LA 44. It sits across from the Heritage Crossing development and beside the Park Eastbank Center, with OLOL Hospital approximately 1/4 mile away. Reported traffic volume is 21,000+ vehicles per day. Area tenants include Alexanders Market, Agave Blue, Tractor Supply, Tire Engineers, Sony's BBQ, Five Guys Burgers, Crumbl Cookies, Walgreens, Ollie's, Albasha Restaurant, and other established businesses.
Key Highlights
- 9,730‑square‑foot shopping center on Hwy 30
- 4,730‑square‑foot leased restaurant with drive‑through and FF&E
- Leased 2,000‑square‑foot laundromat and 1,000‑square‑foot salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,894
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,317,880
$2.3M
Cap Rate 7%
$1,655,629
$1.7M
Cap Rate 9%
$1,287,711
$1.3M
Market Conditions
NOI Build-Up for 9,730 SF
Gross rent
$165.8K $17.04/SF
− Vacancy
−$11.3K −$1.16/SF
EGI
$154.5K $15.88/SF
− OpEx
−$38.6K −$3.97/SF
NOI
$115.9K $11.91/SF
Area
Ascension County, LA
Vacancy
6.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,317,880
Cap Rate 7%
$1,655,629
Cap Rate 9%
$1,287,711
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,894 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$1.31M
$1.15M – $1.53M
NOI $91,949 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,453 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 70737, LA
47,332
Population
20,720
Households
2.3
Avg Household Size
36
Median Age
26%
College-Educated
86%
High-School Grad
54.0 sq mi
ZIP Area
877
Density / Sq Mi
$80,758
Median Household Income
$51,444
Median Earnings
$1,533
Median Rent
$252,600
Median Home Value
Check the figures for this property
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?
Strip mall - C-1-zoned retail center with leased service uses and suites available for tenant build-out.
Where is this strip mall located?
The property is located at 648 E Hwy 30 Gonzales, LA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 9,730‑square‑foot shopping center on Hwy 30; 4,730‑square‑foot leased restaurant with drive‑through and FF&E; Leased 2,000‑square‑foot laundromat and 1,000‑square‑foot salon
