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    OFF-MARKET
    Specialty properties

    4690 Highway 1, Raceland, LA 70394

    5,534 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5,534 square foot commercial property in Raceland, Louisiana, is ideally situated for high visibility and easy access. Located less than a mile from Highway 90 and Ochsner St. Ann Hospital, this prime location offers significant advantages for any business. The property, formerly a dental center, boasts ample space for various uses, including medical practices, with numerous exam rooms, consultation areas, storage rooms, a lab, and a welcoming reception area. The building provides a spacious and professional environment for employees and clients alike. The high base elevation of 9.3 feet eliminates the need for flood insurance, offering peace of mind and significant cost savings. This property presents a unique opportunity to establish or expand a thriving business in a bustling commercial area. All measurements are provided by the seller and should be verified by the buyer. Lease and lease-purchase options are available. The asking price is $550,000.

    Property profile
    Verified
    Property type Specialty properties
    Total area 5,534 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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