For Sale
$360,000

1009 Carnation StSlidell, LA 70460

Prime Slidell Office, 10% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Slidell, Louisiana office building at 1009 Carnation St presents a compelling investment opportunity. Boasting a 10% cap rate and a substantial net operating income (NOI) of $36,012, this property offers significant return potential. The 3,900 square foot building, constructed in 1985 and extensively renovated in 2022, is situated on a 0.39-acre lot and zoned A-4. The single-story structure features seven individual office suites, a shared common area hallway, and two restrooms. Suite A, measuring 765 square feet, includes three smaller offices, a waiting area, and a kitchenette. Suites B through G each offer 450 square feet of space with distinct, pre-existing floor plans. Two suites are currently available for lease, providing immediate income potential. The asking price is $360,000, translating to a price per square foot of $92.31. This property is an ideal investment for both owner-occupancy and rental income generation, offering a strong return on investment in a desirable location. The property's recent renovation ensures modern amenities and functionality, minimizing future capital expenditures. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a thriving market.

Highlights

  • 10% Cap Rate, $36,012 NOI, strong ROI.
  • 3,900 SF office building on 0.39-acre lot, A-4 zoning.
  • Seven individual office suites, renovated in 2022.
  • Asking price: $360,000 ($92.31/SF).
  • Two suites available for lease, immediate income potential.

Property Details for 1009 Carnation St

Property type
Office properties
Square Feet
3,900 SF
Class
B
Year Built/Renovated
1985/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
16,988 SF

Location Insight

City
Slidell
County
St. Tammany Parish
State
Louisiana
Latitude
30.289536361354
Longitude
-89.78265005101
1009 Carnation St, Slidell, Louisiana

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1009 Carnation St
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