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    309 Texas St Vidalia, LA 71373

    Sponsored
    For Sale
    $295,000

    High-yield retail investment opportunity.

    Property size:
    8,058 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multi-use building, located at 309 Texas Street in Vidalia, Louisiana (zip code 71373), presents a compelling investment opportunity. The property boasts 8,058 square feet situated on a 0.48-acre lot, zoned for commercial use (Comm). Currently operating at 75% occupancy with a modified lease structure, the building offers a strong income stream with a gross annual income of $37,635 and a 9.00% cap rate. The property features ten on-site parking spaces, a significant advantage in this location. The building itself is a free-standing structure with metal siding, block, and brick exterior, a metal roof, and a concrete slab floor. Internal features include five offices, five restrooms, and private bathrooms. The building benefits from combination heating and air conditioning systems, and is connected to public water, sewer, natural gas, and cable utilities. Annual property taxes are $5,665.12, and estimated annual utility expenses are $2,431.54. The remaining lease term is three years. The property's APN is W-4 212, 210-147. Currently leased to a mix of professionals, including attorneys and a financial advisor, this building offers a stable and potentially lucrative investment. Its prime location on the corner of N Spruce Street and Texas Street ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.

    Property Features for 309 Texas St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,058 SF
    Lot Size
    20,909 SF

    HighLights

    • $295,000 asking price for a mixed‑use storefront property in Vidalia, LA.
    • 8,058 square feet on a 0.48‑acre lot with 10 parking spaces.
    • 9% cap rate with 75% occupancy and a modified lease with 3 years remaining.
    • Features include 5 offices, 5 restrooms, combination HVAC, metal siding/block/brick exterior, concrete slab floor, metal roof, and public utilities.
    • Located at 309 Texas St, Vidalia, LA 71373, in Concordia Parish, with Comm zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shields III Ralph ... Real Estate Attorney KTGV Radio Broadcaster Edward Jones Investment Service Edward Jones - Financial ... Financial Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Vidalia
    County
    Concordia Parish
    State
    Louisiana
    Longitude
    -91.4275769
    Latitude
    31.5680868

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment opportunity.
    Where is this individual retail property located?
    The property is located at 309 Texas St Vidalia, LA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: $295,000 asking price for a mixed-use storefront property in Vidalia, LA.; 8,058 square feet on a 0.48-acre lot with 10 parking spaces.; 9% cap rate with 75% occupancy and a modified lease with 3 years remaining.
    Request Owner's contact information
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    Vidalia, LA 71373
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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
    309 Texas St Vidalia, LA 71373
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