4833 Main St, Collinston, LA 71229-9261
- Commercial real estate
- 4,945 SF
Current Use by Public Records
- Commercial real estate
Property Details for 4833 Main St
- Year built
- 1960
- Property type
- Commercial real estate
- APN
- 220019750
- APU
- 220019750
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 29, 2009 | $60,000 | Collinston Stores, LLC | Enterprise Corporation Of The Delta | Cash Sale Deed | — |
Description
This 7,817-square-foot vacant convenience store, located at 4833 Main St, Collinston, LA 71229, presents a compelling value-add investment opportunity. Situated on a 1.2-acre lot within the Monroe, LA MSA, this single-story, 1978-built building underwent renovations in 2011. Currently vacant, the property boasts existing coolers and shelving, ideal for a variety of retail uses. The asking price is $30,000, translating to $3.84 per square foot. The property is zoned CMU and features a fee simple ownership. A pro-forma NOI of $8,500 projects a strong 28.33% cap rate. Seller financing is available with a $1,000 down payment and monthly payments. The property's land value is estimated at $0.50 to $100 per square foot. This is a rare chance to acquire a substantial retail space at an exceptionally low price point, offering significant potential for return on investment. The property is ready for immediate occupancy. The APN is 220455-1955781.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Collinston
- County
- Morehouse
- State
- Louisiana
- Longitude
- -91.8712
- Latitude
- 32.6951
- CBSA code
- 33740
- CBSA name
- MONROE, LA METROPOLITAN STATISTICAL AREA
