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856 Grand Caillou Rd, Houma, LA 70363

Commercial property for sale

  • Description
  • High Visibility Prime Commercial Corner! If you or your company wants to expand, this property offers high exposure to traffic, corner lot, blank canvas floor plan to suit your specific needs, 20+ parking spaces, and cinder block construction. Easily converted for restaurant use by adding a grease trap in rear of property. Confirmed by local licensed plumber. In today's market, it is very expensive to build a building of this caliber for the list price. In addition, this building is prime for either subdividing for multiple office leasing or renovating to suit your specific needs. With the conservative commercial market leasing rates of $10 sq/ft(annual based), this property yields a 10% cap rate easily. Looking at the income approach at $10 sq/ft, we would multiply the square footage of 4400 by the ($10) and arrive at $44,000. We then will take $44,000 divided by a capitalization rate of 10% and we arrive at $440,000 sales price. Our list is at $389,000. Building price details: $389,000.
  • Property Details
  • Property Type: Retail
    Use Types: Free-Standing Building, Restaurant
    Status: Available
    Price: $ 88 +/SF
    MSA: Houma-Bayou Cane-Thibodaux
    Zoning: C-2 General Business
    Buildings: 1
    Tenancy: Single Tenant
    Terms: Cash to Seller
    Added: 06/07/2012
    Last Update: 09/09/2012
  • Contact info
  • 337-735-9300 [Office]
  • Note

  • Details Info about this row that located on 856 Grand Caillou Rd, Houma, LA 70363 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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