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309 Texas St Vidalia, LA 71373

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For Sale
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High-yield retail investment opportunity.

Property size:
8,058 SF

Property Features for 309 Texas St

General Information

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

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Listing Contact
Glenn G Green
Glenn G Green

Listing Agency: Paul Geen Real Estate Listing Agent: Glenn G Green

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

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Overview

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 Profile Location Intelligence

Current Use by Public Records

Shields III Ralph ... Law Firm KTGV Radio Station Edward Jones Financial Advisor Edward Jones - Financial ... Financial Advisor

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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

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.
(601) 431-2644 Call to check price and availability
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