Open-Span Retail/Office
77340 Landry Dr Maringouin, LA 70757
77340 Landry Dr, Maringouin, LA, 70757
$165,000
For Sale
$165,000
Open-concept building on a cleared lot with highway frontage on LA Hwy 77 for flexible commercial use.
Property Size1,800 SF
Lot Size0.40 Acres
Price / SF$91.67
Days on Market8
Property Features for 77340 Landry Dr
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.40 Acres
Listing agency
Realty Plus LLC
(225) 910-8240
Listed by
Charlotte Word
(225) 910-8240
Source
Exprealty
Added: Jul 15 Updated: Jul 21 at 7:11PM Checked: Jul 22 at 8:24AM
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 Realty Plus LLC
Investment Insights
Based on property information with market context.
This high-visibility commercial property offers an open-concept, open-span building designed as a flexible workspace. The site is located on a spacious, cleared lot and is presented as a blank canvas suitable for a range of commercial layouts. Utilities include city/parish water, sewer, and gas connections, with electricity serviced by Pointe Coupee Electric. The property is being sold “As-Is” with a waiver of redhibition.
The building is directly on Landry Drive (LA Hwy 77), providing highway frontage and convenient access to the I-10 corridor. It is also described as being in convenient proximity to the local U.S. Post Office.
This listing represents Lot 4 only, severed from a larger parent parcel. Prospective buyers are advised to verify intended land usage and all applicable permits and zoning guidelines with the Iberville Parish Planning & Zoning.
The building is directly on Landry Drive (LA Hwy 77), providing highway frontage and convenient access to the I-10 corridor. It is also described as being in convenient proximity to the local U.S. Post Office.
This listing represents Lot 4 only, severed from a larger parent parcel. Prospective buyers are advised to verify intended land usage and all applicable permits and zoning guidelines with the Iberville Parish Planning & Zoning.
Key Highlights
- 1,800‑sq‑ft open‑concept commercial building on a cleared 0.40‑acre lot
- Highway frontage on Landry Dr (LA Hwy 77) with easy access to the I‑10 corridor
- City/parish water, sewer, and gas connections available; electricity serviced by Pointe Coupee Electric
Local Financial Insights For Industrial
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 | $17.5k | $9.72 |
| − Vacancy | −$348 | −$0.19 |
| EGI | $17.1k | $9.53 |
| − OpEx | −$5.1k | −$2.86 |
| NOI | $12.0k | $6.67 |
1,800 SF · lease $9.72/SF/yr · vacancy 1.99% · expense 30.00%
Alternative Uses
Best Use
Retail
$402.3K
$352.1K – $469.4K
NOI $28,164 @ 7.0% cap · market cap 17.07%
Second Best
Industrial
$171.5K
$150.0K – $200.1K
NOI $12,003 @ 7.0% cap · market cap 7.27%
Theoretical Best
Specialty Retail
$431.1K
$377.2K – $502.9K
NOI $30,176 @ 7.0% cap · market cap 18.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Landry Drive Quality ...
Auto Repair Shop
FAQs
What type of property is this?
Storefront property - Open-concept building on a cleared lot with highway frontage on LA Hwy 77 for flexible commercial use.
Where is this storefront property located?
The property is located at 77340 Landry Dr Maringouin, LA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,800‑sq‑ft open‑concept commercial building on a cleared 0.40‑acre lot; Highway frontage on Landry Dr (LA Hwy 77) with easy access to the I‑10 corridor; City/parish water, sewer, and gas connections available; electricity serviced by Pointe Coupee Electric
