Property profile

2310 Park Place Dr Terrytown, LA 70056

OFF-MARKET
Commercial real estate
Property ID
US36-2457927
5,000 SF 0.34 ac lot Built 1989
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Property summary

AI-generated overview

This exceptional 5,000 square foot commercial building presents a compelling investment opportunity in the thriving Terrytown, LA market. Strategically located just off the bustling Behrman Highway, this property enjoys high visibility and significant traffic flow, ideal for a business seeking a prominent location or an investor looking for a strong income stream. The building comprises three well-sized suites: two 1,000 square foot units and a larger 3,000 square foot central suite, offering flexibility for various business needs or the potential for multiple tenants. The property sits on a sizable 0.34-acre lot, providing ample parking for customers and employees. Recent upgrades include the installation of brand new air conditioning units, ensuring comfortable and efficient operation. This turnkey property is ready for immediate occupancy and offers significant upside potential for future growth and profitability. Its prime location and versatile layout make it an attractive option for a wide range of businesses and investors seeking a strong return on investment in a dynamic commercial area. The asking price is $450,000.

Property profile

Verified
Property type Commercial real estate
Year built 1989
Total area 5,000 SF
Lot 0.34 ac (14,810 SF)
UPID US36-2457927

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Recording Studio
  • Corporate Office Business Park

Location

2310 Park Place Dr Terrytown, LA 70056
Terrytown metro
Google Maps

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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