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    71013 Highway 41 Pearl River, LA 70452

    For Sale
    $239,000

    High-traffic location, owner financing.

    Property size:
    2,415 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property in Pearl River, Louisiana, presents a lucrative investment opportunity. Located at 71013 Hwy 41, this 2,415 square foot building sits on a spacious 19,136 square foot lot and is ideally suited for a variety of uses, including a convenience store, grocery store, or restaurant. The property features two separate buildings connected under one roof, offering ample space and flexibility. The prime highway location ensures high visibility and accessibility, with no other convenience stores for miles. The property boasts abundant parking and both indoor and outdoor dining space, making it an attractive option for food-service businesses. While currently unoccupied, the building requires some repairs. An attractive feature is the availability of owner financing, making this a potentially accessible acquisition for qualified buyers. The property is available for occupancy on January 31, 2024. The asking price is $239,000, translating to $98.96 per square foot. This is a rare chance to acquire a well-positioned commercial property with significant upside potential in a growing market.

    Property Features for 71013 Highway 41

    General Information

    Property type
    Restaurants
    Square Feet
    2,415 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Clothing Store Grocery Store Food Market HVAC Service Women's Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearl River
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -89.805750043218
    Latitude
    30.460142357442

    Nearby Comparable

    • $140,000

      Land For Sale

      Land available for sale in Pearl River, Louisiana.
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    • $175,000
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      Highway Commercial Property Ready

      3.65 acres of highway commercial property ready for business.
      Hwy 41 Hwy, Pearl River, LA 70452
      View Details

    Nearby Similar for Sale

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    • $1,499,000
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      Sonic Drive-In: Prime NNN Lease

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, owner financing.
    Where is this restaurant located?
    The property is located at 71013 Highway 41 Pearl River, LA.
    What is the asking price?
    The asking price for this property is $239,000.
    Request Owner's contact information
    71013 Highway 41 Pearl River, LA 70452
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    Pearl River, LA 70452
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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
    71013 Highway 41 Pearl River, LA 70452
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