Current Use by Public Records
- Warehouses
Property Details for 29796 Toledo Bnd
- Year built
- 2024
- Lot size
- 0.10 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a centrally located, 560 sq ft warehouse in Many, LA, on a 0.1-acre lot (APN 0030079100|2). The property, part of a larger development plan, comprises three buildings, each single-story and featuring 14-foot ceilings. Currently operating as a boat and RV storage facility, it boasts 46 completed units (Phase 1 of 138 planned units), with 16 currently leased at $200/month. Phase 1 units measure 14'x40' and include 12'x12' overhead doors. The property is fully fenced, offers individual key code entry, unit power and lighting, and gated security cameras. The asking price is $1,450,000 ($2,589/sq ft), representing a significant gross potential annual rent of $331,000 (at current rates), with substantial upside potential for rent increases. The property is unzoned and was built in 2024. The lease expiration date for the existing tenant is April 29, 2025. The development plan includes three phases, with an additional 3 acres available for future expansion. This presents a unique opportunity to acquire a profitable, established business with significant growth potential in a desirable location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Many
- County
- Sabine Parish
- State
- Louisiana
- Longitude
- -93.653
- Latitude
- 31.4971
