853 Highway 90 E | Morgan City, LA 70380
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- LoopNet Team
853 Highway 90 E
Morgan City, LA 70380
St. Mary Plaza - Morgan City, LA · Retail Property For Sale
Investment Highlights
- 78% Occupancy Rate, True Value-Add Deal Providing Immediate Value Enhancement Through the Lease-Up of the Remaining Vacancies With in Hand Ollies LOI
- LOI in Hand From National Credit Tenant Ollie's For 19,500 SF Providing Immediate Upside
- Spanning Across Three (3) Distinct Tax Parcels, This 138,168 Square Foot Center Compromises Four (4) Separate Buildings Offering a Unique Opportunity
- 70% of the Existing Income is From Nationally Branded Tenants, Providing Strong National Traffic & Long Term Stability With Roses & Harbor Freight
- Very Strong Visibility With Over 32,000 VPD Passing in Front of the Center on Highway 90 & Immediately Adjacent to Strong Performing Walmart
- Recently Signed 10-Year Lease Agreement With Fitness 1440, and Recent Extension From Roses and Purple Lemon With Upside of Remaining SF to Be Leased
PROPERTY FACTS
Property Type
Building Size
118,000 SF
Building Class
C
Year Built
2000
Tenancy
Multiple
Number of Floors
1
Building FAR
0.50
Lot Size
5.43 AC
Zoning
C - Commercial and retail
Frontage
592 ft on Highway 90
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £306,518 | |
| Land Assessment | £117,146 | Total Assessment | £423,664 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£117,146
Improvements Assessment
£306,518
Total Assessment
£423,664
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