Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1515 Anthony St Morgan City, LA 70380

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    14,650 SF Vacant Retail Building

    Property size:
    14,650 SF

    Property Features for 1515 Anthony St

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    14,650 SF

    We can help!

    Listing Contact
    Sal Crifasi
    Sal Crifasi

    Listing Agency: Capstone Investment Partners, LLC Listing Agent: Sal Crifasi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel

    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

    Nearby Similar for Sale

    • $625,000
      20,900 SF

      Versatile Industrial Compound in Morgan City

      1.4-acre industrial property with 20,000+ SF of flexible space.
      1038 Lee Rd, Morgan City, LA 70380
      View Details
    • $778,000
      18,974 SF

      Morgan City Commercial Building For Sale

      Well-maintained commercial property in a prime Morgan City location.
      1020 David Dr, Morgan City, LA 70380
      View Details
    • $144,000
      1,600 SF

      Morgan City Commercial Office Space

      Functional commercial space ideal for medical or professional office use.
      1100 8Th St, Morgan City, LA 70380
      View Details
    • $579,000

      Morgan City Industrial Building For Sale

      28,000 SF industrial building with water frontage and cranes.
      9580 Highway 182 E, Morgan City, LA 70380
      View Details
    • $525,000
      7,600 SF

      Morgan City Waterfront Industrial

      7,600 SF Manufacturing Facility, Vacant
      2914 Lake Palourde Rd, Morgan City, LA 70380
      View Details
    • $3,500,000
      62,640 SF

      MC Bank & Trust Building

      Prime Morgan City Office Building
      1201 Brashear Ave, Morgan City, LA 70380
      View Details
    • $3,000,000
      46,800 SF

      Morgan City Industrial Complex

      Multi-tenant warehouse, 46,800 SF
      503 Degravelle Rd, Morgan City, LA 70380
      View Details
    • $1,750,000
      3,037 SF

      Morgan City Wendy's: Net Lease

      High-return Wendy's franchise, Louisiana.
      7305 La-182, Morgan City, LA 70380
      View Details

    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.
    (337) 280-3565 Call to check price and availability
    Request Owner's contact information
    1515 Anthony St Morgan City, LA 70380
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1515 Anthony St
    Morgan City, LA 70380
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sal Crifasi
    Sal Crifasi
    Real Estate License ID: 995707142
    (337) 280-3565
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!