Leased Retail Storefront
For Sale
$350,000
920 E Laurel Ave, Eunice, LA 70535
Two adjoining, leased storefront units in a high-traffic shopping center support a retail-focused ownership strategy.
Property Size3,000 SF
Price / SF$116.67
Days on Market662
Property Features for 920 E Laurel Ave
General Information
Standard status
Active
Size
3,000 SF
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Tenancy
Multi
Listing Agency:
DCG/Aguillard Realty
(337) 580-3705
Listed By:
Raymond A Aguillard · License #59516
(337) 580-3705
Source:
Exprealty
Added: Oct 9, 2024
Changed: Jul 10
Last Checked: Jul 31 at 2:02PM
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 DCG/Aguillard Realty
Investment Insights
Based on property information with market context.
This offering consists of two adjoining retail storefront units, each approximately 1,500 square feet, for a total of about 3,000 square feet. Both spaces are currently leased, with one unit operating as a nail salon and the other as a barber shop, providing an income-producing retail setup.
The units are located within a high-traffic shopping center and are adjacent to established neighbors, including Dollar General and Donut Queen. This tenant mix and surrounding retail environment help maintain consistent day-to-day customer traffic for storefront activity.
For buyers seeking a retail investment with an operating tenant profile, the property offers two separate adjoining units that are already in use and generating rental income. Retail operators and investors can also evaluate the flexibility of acquiring both storefronts together for a single ownership position within the center.
The units are located within a high-traffic shopping center and are adjacent to established neighbors, including Dollar General and Donut Queen. This tenant mix and surrounding retail environment help maintain consistent day-to-day customer traffic for storefront activity.
For buyers seeking a retail investment with an operating tenant profile, the property offers two separate adjoining units that are already in use and generating rental income. Retail operators and investors can also evaluate the flexibility of acquiring both storefronts together for a single ownership position within the center.
Key Highlights
- Two adjoining leased storefront units in a high‑traffic shopping center
- Each unit is approximately 1,500 SF
- Units currently leased to a nail salon and a barber shop
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $10.80 |
| − Vacancy | −$2.6k | −$0.86 |
| EGI | $29.8k | $9.94 |
| − OpEx | −$8.9k | −$2.98 |
| NOI | $20.9k | $6.96 |
3,000 SF · lease $10.80/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$298.1K
$260.8K – $347.8K
NOI $20,866 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Home Improvements & Furnishings 19%
Dining 19%
Hotels & Casinos 3%
Dollar General
Shops & Services
8,971 visits/mo
0.1 miles
Smith's Hardware & Everything Rental Center
Home Improvements & Furnishings
4,739 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,649 visits/mo
0.1 miles
El Rodeo
Dining
4,647 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
815 visits/mo
0.2 miles
Demographics for 70535, LA
17,292
Population
7,749
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
80%
High-School Grad
160.6 sq mi
ZIP Area
108
Density / Sq Mi
$44,804
Median Household Income
$38,598
Median Earnings
$789
Median Rent
$161,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Petals & Pots — 751 Laurel St, Eunice, LA 70535
- Flower House — 450 N 2nd St, Eunice, LA 70535
Frequently Asked Questions
What type of property is this?
Storefront property - Two adjoining, leased storefront units in a high-traffic shopping center support a retail-focused ownership strategy.
Where is this storefront property located?
The property is located at 920 E Laurel Ave Eunice, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two adjoining leased storefront units in a high‑traffic shopping center; Each unit is approximately 1,500 SF; Units currently leased to a nail salon and a barber shop
