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    116 Newspaper Dr LaPlace, LA 70068

    For Sale
    $299,000

    5,083 SF Flex Space; Owner/User Opportunity

    Property size:
    5,038 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5,083-square-foot flex property in LaPlace, Louisiana, presents a compelling investment or owner-user opportunity. Located at 116 Newspaper Drive, this mixed-use building sits on a sizable 0.69-acre lot and offers a versatile layout ideal for a variety of businesses. The space is intelligently divided into 3,038 square feet of traditional office space and 2,045 square feet of warehouse space, providing ample room for both administrative functions and storage or production needs. The asking price is $299,000, translating to a price per square foot of $59.35. This property in St. John the Baptist Parish, Louisiana, (zip code 70068) offers significant potential for growth and profitability. Its flexible design allows for customization to suit specific business requirements, making it an attractive option for companies seeking a blend of office and warehouse functionality. The property's location in LaPlace provides convenient access to major transportation routes and local amenities. This is a rare opportunity to acquire a well-situated, versatile commercial property at an attractive price point. Don't miss out on this chance to secure a valuable asset in a thriving market.

    Property Features for 116 Newspaper Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    5,038 SF

    HighLights

    • 5,083 SF flex space with 3,038 SF of office and 2,045 SF of warehouse.
    • 0.69‑acre lot.
    • Excellent owner‑user or investment opportunity.
    • Highly versatile space ideal for diverse businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    L'Observateur Newspaper Publisher

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    LaPlace
    County
    St. John the Baptist Parish
    State
    Louisiana
    Longitude
    -90.4832887
    Latitude
    30.0644889

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    FAQs

    What type of property is this?
    Distribution property - 5,083 SF Flex Space; Owner/User Opportunity
    Where is this distribution property located?
    The property is located at 116 Newspaper Dr LaPlace, LA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 5,083 SF flex space with 3,038 SF of office and 2,045 SF of warehouse.; 0.69-acre lot.; Excellent owner-user or investment opportunity.
    Request Owner's contact information
    116 Newspaper Dr LaPlace, LA 70068
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    LaPlace, LA 70068
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Newspaper Dr LaPlace, LA 70068
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