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    OFF-MARKET
    Medical Office Space

    5420 Old Scenic Hwy, Zachary, LA 70791

    2,294 SF Built 2000
    Property ID
    US36-0765367
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Zachary, Louisiana, featuring a 2,294 square foot medical office building situated on 5420 Old Scenic Hwy. This single-tenant, 100% occupied property boasts a desirable location with 113.36 feet of frontage along Old Scenic Highway, offering excellent visibility. Built in 2000, the building comprises two single-story structures and is zoned CN-Neighborhood Commercial. Currently leased as a residential group home, the property will be vacant in June 2024, presenting a unique opportunity for repositioning. The building includes a sprinkler system, three bedrooms, two bathrooms, a laundry room, storage garage, car garage, and an outdoor kitchen. Interior upgrades include solid ADA-accessible doors. The property is backed by the established Fennwood neighborhood and features mature oak trees. An adjacent 1.02-acre flag lot is available for potential expansion (sold separately). The asking price is $399,000, and the property is offered as a Net Net Net (NNN) lease. APN is 016-3421-6. This property is ideal for investors seeking a strong return in the healthcare or senior housing sectors.

    Property profile
    Verified
    Property type Medical Office Space
    Year built 2000
    Total area 2,294 SF
    APN 016-3421-6
    UPID US36-0765367
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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