1201 Brashear AveMorgan City, LA 70380

This exceptional 62,640 square foot, four-story Class B office building, situated on a 4.568-acre lot at 1201 Brashear Ave, Morgan City, LA 70380, presents a compelling value-add investment opportunity. Boasting 253 parking spaces and a desirable B-2 General Business zoning, this multi-tenant property offers a strong 7.82% cap rate with a current NOI of $273,638. The building's gross lease structure simplifies management, while its strategic location at the corner of Brashear Avenue and Victor II Boulevard, just north of Highway 90, provides excellent visibility and accessibility. Morgan City's central location, 68 miles southeast of Lafayette, 64 miles south of Baton Rouge, and 86 miles west of New Orleans, ensures a robust tenant pool. The asking price is $3,500,000, translating to $55.87 per square foot. This property is a rare find in a thriving market, offering significant potential for future growth and return on investment. Note that the property is located in Flood Zone AE (EL 1 Feet). Further financial details are available upon request.