1600 Lafayette St Gretna, LA 70053

Property Details for 1600 Lafayette St

Year built

1951

Lot size

0.86 lot acres

Property size

37,500 SF

Property type

Commercial real estate

Description

This exceptional Gretna, LA commercial property boasts 37,500 square feet on a 0.86-acre lot, offering significant income potential and future development opportunities. The main building features a prime retail space of 1400 square feet, complemented by 800 square feet of office/warehouse space. Above the retail area is a desirable 800-square-foot, two-bedroom, two-bathroom apartment. A separate, approximately 800-square-foot, one-bedroom, one-bathroom house is located behind the main building. Additionally, a used car lot includes a 300-square-foot office building and a 200-square-foot structure. Two house trailers on land leases further contribute to the property's income stream. The entire property is currently 100% rented, ensuring a consistent cash flow with a very low vacancy rate. The property enjoys excellent visibility on Lafayette Street, just two blocks from the Westbank Expressway (U.S. 90), ensuring high traffic counts. Its corner location is across from a Race Track gas station, providing additional exposure. The property's strategic location is surrounded by numerous established retailers within a half-mile radius, including Popeyes, McDonald's, Walmart, Wendy's, Shoney's, Academy, Floor & Decor, Home Depot, Rooms to Go, Taco Bell, Rouse's, Dairy Queen, Dollar General, Anytime Fitness, and The Red Maple, demonstrating strong market demand. The property's size and location make it highly suitable for future development, allowing for the realization of its highest and best use. The asking price is $1,475,000.

Location Insight

City

Gretna

County

Jefferson

State

Louisiana

Longitude

-90.05515

Latitude

29.90752

Property Visit Statistics

• Visits by month
  56.5k
• Visitors by month
  32.7k
• Avg Time on site
  10 min