Two-Suite Mixed-Use
For Sale
$209,000
820 Main Street, Franklin, LA 70538
Two independently serviced storefronts include one occupied space and a second space available for use.
Property Size2,000 SF
Price / SF$104.50
Days on Market15
Property Features for 820 Main Street
General Information
Standard status
Active
Size
2,000 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Buildings
2
Construction
cinder-block
Tenancy
Multi
Listing Agency:
Compass
(337) 233-9700
Listed By:
Allen G Dugas · License #0995701718
(337) 356-1943
Source:
Exprealty
Added: Sep 23
Changed: Sep 28
Last Checked: Oct 5 at 7:00PM
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.
At 820 Main Street, this mixed-use building contains approximately 2,000 square feet arranged as two 1,000-square-foot storefronts. Each space has its own electric meter, HVAC unit, and restroom. One is occupied by a hair salon tenant; the other is vacant. The cinder-block building has updated plumbing and a new pitched metal roof. Some office furniture may remain in the vacant space. A gravel parking area and storage building are also on site.
The property is near Bayou Teche. An additional lot with Main Street frontage is available separately, offering another land component for consideration.
The property is near Bayou Teche. An additional lot with Main Street frontage is available separately, offering another land component for consideration.
Key Highlights
- Two 1,000‑square‑foot storefronts; approximately 2,000 square feet total
- One space has an established hair salon tenant; the second space is vacant
- Each storefront has a separate electric meter, HVAC unit, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,635
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,700
$292.7K
Cap Rate 7%
$209,071
$209.1K
Cap Rate 9%
$162,611
$162.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$22.8K $11.40/SF
− Vacancy
−$1.9K −$0.95/SF
EGI
$20.9K $10.45/SF
− OpEx
−$6.3K −$3.14/SF
NOI
$14.6K $7.32/SF
Area
St. Mary County, LA
Vacancy
8.30%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,700
Cap Rate 7%
$209,071
Cap Rate 9%
$162,611
Alternative Uses
Best Use
Retail
$209.1K
$182.9K – $243.9K
NOI $14,635 @ 7.0% cap · market cap 7.00%
Second Best
Mixed Use
$202.5K
$177.2K – $236.3K
NOI $14,175 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$341.2K
$298.6K – $398.1K
NOI $23,887 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
4,524 visits/mo
0.1 miles
Gulf Oil
Shops & Services
3,946 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,513 visits/mo
0.1 miles
Demographics for 70538, LA
12,604
Population
6,428
Households
2
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
229.9 sq mi
ZIP Area
55
Density / Sq Mi
$55,662
Median Household Income
$36,436
Median Earnings
$860
Median Rent
$109,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two independently serviced storefronts include one occupied space and a second space available for use.
Where is this mixed-use property located?
The property is located at 820 Main Street Franklin, LA.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Two 1,000‑square‑foot storefronts; approximately 2,000 square feet total; One space has an established hair salon tenant; the second space is vacant; Each storefront has a separate electric meter, HVAC unit, and restroom
