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    1515 Anthony St Morgan City, LA 70380

    For Sale
    $499,500

    14,650 SF Vacant Retail Building

    Property size:
    14,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 14,650 square foot retail property, located at 1515 Anthony Street in Morgan City, Louisiana, is available for $499,500. The property, previously a movie theater, boasts a highly desirable location in St. Mary Parish, directly accessible from Highway 90. Its strategic placement offers significant visibility and convenient access for customers. Ample parking is available on-site, ensuring a positive shopping experience. The property benefits from a strong retail environment, surrounded by established national brands such as Walmart, Popeyes, UPS, Dollar General, an urgent care facility, Walgreens, and McDonald's. This prime location provides excellent potential for a variety of retail uses. The zoning designation is HC/Highway Commercial, perfectly suited for redevelopment into a thriving retail establishment. The asking price of $499,500 translates to $34.10 per square foot, representing a compelling investment opportunity in a vibrant and growing market. The building is currently vacant, providing immediate occupancy for the new owner. This property presents a unique chance to capitalize on a high-traffic location and strong surrounding retail presence. Serious inquiries are encouraged.

    Property Features for 1515 Anthony St

    General Information

    Property type
    Retail properties
    Square Feet
    14,650 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgan City
    County
    St. Mary Parish
    State
    Louisiana
    Longitude
    -91.2577418
    Latitude
    29.684806

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    FAQs

    What type of property is this?
    Retail property - 14,650 SF Vacant Retail Building
    Where is this retail property located?
    The property is located at 1515 Anthony St Morgan City, LA.
    What is the asking price?
    The asking price for this property is $499,500.
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    1515 Anthony St Morgan City, LA 70380
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    Morgan City, LA 70380
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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
    1515 Anthony St Morgan City, LA 70380
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