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Property profile

400-408 Broadway St Minden, LA 71055

OFF-MARKET
Office Spaces
6,000 SF 0.47 ac lot Built 1960
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Property summary

AI-generated overview

This exceptional commercial property, located at 400-408 Broadway Street in the heart of Downtown Minden, Louisiana, presents a lucrative investment opportunity. The 0.47-acre lot encompasses three buildings totaling 6,000 square feet of versatile space, currently divided into four income-generating units. The property's prime location has historically attracted a diverse range of tenants, including a pregnancy center, clothing boutiques, a home decor store, a law office, a church, a photography studio, and a dance studio, demonstrating its adaptability and appeal to various businesses. This indicates a strong potential for continued rental income and a stable return on investment. The buildings are well-maintained and ready for immediate occupancy, offering a seamless transition for new owners. The property's central location within Downtown Minden ensures high visibility and accessibility, attracting a steady stream of potential customers for any tenant. This is an exceptional chance to acquire a substantial commercial property in a thriving downtown area, offering both immediate income and significant long-term growth potential. The asking price is $350,000. Serious inquiries are encouraged.

Property profile

Verified
Property type Office Spaces
Year built 1960
Total area 6,000 SF
Lot 0.47 ac (20,473 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

400-408 Broadway St Minden, LA 71055
Minden metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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