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    412 Avenue B Bogalusa, LA 70427

    For Sale
    $840,000

    High-traffic retail, 100% occupied

    Property size:
    21,470 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail investment opportunity presents a fully occupied, Class B shopping center totaling 21,470 square feet, strategically located at 412 Avenue B in Bogalusa, Louisiana. The property boasts a prime location on a major thoroughfare, Avenue B, experiencing a high average annual daily traffic count of 13,419 vehicles (according to ESRI data). The center comprises three individual units within a single, one-story building, offering a diverse tenant mix. Suite A encompasses 8,192 square feet, Suite B offers 10,370 square feet, and Suite C provides 3,000 square feet. Currently operating at 100% occupancy under a modified lease structure, this multi-tenant property presents a stable and attractive income stream. Its advantageous location places it in close proximity to key community anchors, including the International Paper Mill, Our Lady of Angels Hospital, Bogalusa High School, and the YMCA, ensuring consistent foot traffic and visibility. The asking price is $840,000, translating to a price per square foot of $39.12. This represents a compelling investment opportunity in a thriving Louisiana market. The property's strong tenant base, high occupancy rate, and strategic location make it an ideal addition to any investor's portfolio. Further details are available upon request.

    Property Features for 412 Avenue B

    General Information

    Property type
    Lifestyle centers
    Square Feet
    21,470 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $840,000 asking price for this retail property.
    • 21,470 square foot shopping center/storefront.
    • Class B, multi‑tenant property with 100% occupancy.
    • Three units in a single, one‑story building.
    • Located at 412 Ave B, Bogalusa, LA 70427, on a major thoroughfare with high traffic counts (13,419 AADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Neilson Robert a CPA Tax Preparation Service Bogalusa Family Practice Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bogalusa
    County
    Washington Parish
    State
    Louisiana
    Longitude
    -89.8651994
    Latitude
    30.7782944

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail, 100% occupied
    Where is this lifestyle center located?
    The property is located at 412 Avenue B Bogalusa, LA.
    What is the asking price?
    The asking price for this property is $840,000.
    What are key features of this property?
    This property features: $840,000 asking price for this retail property.; 21,470 square foot shopping center/storefront.; Class B, multi-tenant property with 100% occupancy.
    Request Owner's contact information
    412 Avenue B Bogalusa, LA 70427
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    Bogalusa, LA 70427
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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
    412 Avenue B Bogalusa, LA 70427
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