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    1201 Brashear Ave Morgan City, LA 70380

    For Sale
    $3,500,000

    Prime Morgan City Office Building

    Property size:
    62,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 62,640 square foot, four-story Class B office building, situated on a 4.568-acre lot at 1201 Brashear Ave, Morgan City, LA 70380, presents a compelling value-add investment opportunity. Boasting 253 parking spaces and a desirable B-2 General Business zoning, this multi-tenant property offers a strong 7.82% cap rate with a current NOI of $273,638. The building's gross lease structure simplifies management, while its strategic location at the corner of Brashear Avenue and Victor II Boulevard, just north of Highway 90, provides excellent visibility and accessibility. Morgan City's central location, 68 miles southeast of Lafayette, 64 miles south of Baton Rouge, and 86 miles west of New Orleans, ensures a robust tenant pool. The asking price is $3,500,000, translating to $55.87 per square foot. This property is a rare find in a thriving market, offering significant potential for future growth and return on investment. Note that the property is located in Flood Zone AE (EL 1 Feet). Further financial details are available upon request.

    Property Features for 1201 Brashear Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    62,640 SF
    Class
    B
    Lot Size
    198,982 SF

    Building Details

    Buildings
    1
    Stories
    4

    HighLights

    • 62,640 SF, four‑story Class B office building on a 4.568‑acre lot.
    • B‑2 General Business zoning with 253 parking spaces.
    • 7.82% cap rate, $273,638 NOI, $3,500,000 asking price ($55.87/SF).
    • Located at 1201 Brashear Ave, Morgan City, LA 70380, at the corner of Brashear Ave and Victor II Blvd, near Hwy 90.
    • Flood Zone AE (EL 1 ft).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Twin Brothers Marine Steel Fabricator Bayouland Realty Inc Real Estate Agency New York Life ... Health Insurance Agency American Kie Steel ... Junkyard Kie Commodities & Finance Loan Agency

    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
    Morgan City
    County
    St. Mary Parish
    State
    Louisiana
    Longitude
    -91.1976407
    Latitude
    29.7040037

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Morgan City Office Building
    Where is this office property / space located?
    The property is located at 1201 Brashear Ave Morgan City, LA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 62,640 SF, four-story Class B office building on a 4.568-acre lot.; B-2 General Business zoning with 253 parking spaces.; 7.82% cap rate, $273,638 NOI, $3,500,000 asking price ($55.87/SF).
    (225) 333-9807
    Request Owner's contact information
    1201 Brashear Ave Morgan City, LA 70380
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    Morgan City, LA 70380
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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
    1201 Brashear Ave Morgan City, LA 70380
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