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    1420 Hospital Rd New Roads, LA 70760

    For Lease
    $5 SF/Yr ($14,807 /Mo)

    High-traffic retail space, multiple units available

    Lot size:
    35,538 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail property, located at 1420 Hospital Road in New Roads, Louisiana, presents a unique investment opportunity. The single-story, 35,538 square foot building sits on a 2.49-acre lot and was constructed in 1988. Currently, there is 35,980 square feet of vacant space available, offering significant potential for redevelopment or lease. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 3,780 square feet to a maximum contiguous space of 23,000 square feet. The location is highly desirable, boasting excellent visibility and accessibility on Hospital Road, less than a mile from a Walmart Supercenter. The property includes a former Family Dollar store (9,200 sq ft) and a former Stage department store (23,000 sq ft), offering significant potential for adaptive reuse. A second-generation restaurant space is also available. This prime retail center in Pointe Coupee Parish (zip code 70760) offers a compelling opportunity for businesses seeking high-traffic exposure in a growing market. The property's size and layout provide flexibility for a variety of retail uses. This is a rare chance to acquire a substantial retail space in a strategic location with significant upside potential. The property is situated in submarket 74.

    Property Features for 1420 Hospital Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,538 SF
    Total Rate
    14807.5

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 100
    Size
    9,200 SF
    Rate per SF
    $8
    Space
    Suite 300
    Size
    23,000 SF
    Rate per SF
    $5
    Space
    Suite 600
    Size
    3,780 SF
    Rate per SF
    $13

    HighLights

    • 1420 Hospital Road, New Roads, LA 70760: 35,538 SF single‑story retail building on a 2.49‑acre lot.
    • 35,980 SF of vacant space available for lease or redevelopment.
    • Divisible spaces ranging from 3,780 SF to 23,000 SF contiguous.
    • High visibility location on Hospital Road, less than one mile from a Walmart Supercenter.
    • Includes former Family Dollar (9,200 SF) and Stage (23,000 SF) spaces, plus a second‑generation restaurant space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hibbett Sports Shoe Store quality concrete Ready Mix Concrete Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Roads
    County
    Pointe Coupee Parish
    State
    Louisiana
    Longitude
    -91.4704191
    Latitude
    30.6934078

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      Restaurant Space on Highway 190

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space, multiple units available
    Where is this neighborhood center located?
    The property is located at 1420 Hospital Rd New Roads, LA.
    What is the lease rate?
    The lease rate is $5-$13 SF/Yr.
    What are key features of this property?
    This property features: 1420 Hospital Road, New Roads, LA 70760: 35,538 SF single-story retail building on a 2.49-acre lot.; 35,980 SF of vacant space available for lease or redevelopment.; Divisible spaces ranging from 3,780 SF to 23,000 SF contiguous.
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    1420 Hospital Rd New Roads, LA 70760
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    New Roads, LA 70760
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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
    1420 Hospital Rd New Roads, LA 70760
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