Property profile

902 W Main St Homer, LA 71040

FOR SALE
Commercial land
Property ID
US36-1859202
Entity Owned Absentee Owner Free & Clear
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902 W Main St, Homer, LA 71040 For Sale
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902 W Main St, Homer, LA 71040
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Property summary

AI-generated overview

This exceptional retail property, located at 902 West Main Street in Homer, Louisiana, presents a significant investment opportunity. The property boasts a substantial 17,800 square feet of retail space, ideal for a variety of commercial uses. Situated in Claiborne Parish, with a 71040 zip code, this location benefits from high visibility and accessibility, ensuring strong foot traffic and potential for significant returns. The asking price is $325,000. A key advantage is the expansive 3.4-acre lot adjacent to the main building, offering significant potential for expansion, additional parking, or future development. This presents a rare opportunity to acquire a large, established retail space with considerable room for growth in a thriving Louisiana community. The property's size and location make it an attractive prospect for businesses seeking a prominent presence in Homer. Serious inquiries are encouraged to explore this compelling investment opportunity further. The property is zoned for commercial use and is ready for immediate occupancy. Detailed property information and financial statements are available upon request.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN 8730089892
UPID US36-1859202

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
  • Physician

Location

902 W Main St Homer, LA 71040
Homer metro Census 950400
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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