4833 Main St Collinston, LA 71229-9261

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.