10th St. Office Bldg - SELLING BONUS

Office for Sale
Catylist Listing ID: 2092590
Property Subtypes: Office Building
Building Size (RSF): 6,158 SF
Gross Building Area: See Agent
Gross Land Area: 33,541 SF
Sale Price: $695,000
Unit Price: $112.86 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Owner Financing
Last Updated: 11/8/2017

Overview / Comments

$10,000 BONUS TO SELLING AGENT provided closing occurs before November 30, 2017. Bonus shall be paid to selling agent at closing.

OWNER FINANCING AVAILABLE

This is a one-story, brick office building with ample parking, located on the Northbound side of US Highway 190 and less than 2.5 miles to Interstate 12. This is one of the busiest areas in western St. Tammany Parish. The site is in proximity to an array of commercial developments, either completed, underway or in the permitting process.

The building is also For Lease.

Financials

Finance Data Year 2011
Potential Rental Income $120,000 (Annual)
Net Operating Income $92,711 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2010
Potential Rental Income $120,000 (Annual)
Net Operating Income $92,711 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Zoning: HC-3
Road Type: Paved
Property Visibility: Excellent
Transportation: Highway
Highway Access: Highway 190
Site Description: Approximately 0.77 acres, on an irregular shaped parcel.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1998
Construction/Siding: Brick
Exterior Description: One-story, brick office building.
Parking Type: Surface
Parking Description: Off-street parking for 41 vehicles including 2 handicap spaces.
Total Parking Spaces: 41
Heat Source: Central
Interior Description: 9 offices, 2 conference rooms, a reception and waiting area, 6 other rooms, 4 restrooms, a break room and a mechanical room.
Zoning Description: HC-3: Highway Commercial 3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,842 26,666 52,986
Median Age: 35.42 38.9 40.76
Households: 1,893 10,471 20,244

Contact

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