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    FOR SALE
    Commercial real estate

    1783 Florida Ave SW, Denham Springs, LA 70726

    0.23 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US36-0956500
    No photos on file
    For Sale
    $475,000
    1783 Florida Ave SW, Denham Springs, LA 70726
    View Listing →
    Property summary
    AI-generated overview

    This exceptional two-story, 4,177 square foot Class B office building presents a compelling investment opportunity in Denham Springs, Louisiana. Located at 1783 Florida Ave SW, this property boasts a prime location on a main road with high traffic counts, ensuring excellent visibility and accessibility. The building sits on a 1.5-acre lot and is zoned C-3, offering versatility for a range of commercial uses. Currently, the building has a 45% occupancy rate under a gross lease with multiple tenants. The asking price is $500,000, translating to $119.70 per square foot. This represents a strong return on investment given the property's location and potential for increased occupancy. The building's two stories provide ample space for various business needs. Serious investors will appreciate the combination of high traffic, convenient access, and flexible zoning in this thriving Louisiana community. This is a rare opportunity to acquire a well-situated commercial property with significant upside potential.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.23 ac (10,019 SF)
    APN 358846
    UPID US36-0956500
    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
    Current use
    Occupant on record · Public records
    • Dr. Abdelrahman Almasri, MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Tk Property Management LLC · 3 yrs held
    Tk Property Management LLC
    since 2023
    3 recorded transactions
    2023
    2010
    $330,000
    2007
    $325,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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