For Sale
$4,250,000

2031 Madison Ave Bastrop, LA 71220

Bastrop, LA Retail Center - High Occupancy

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 115,219-square-foot shopping center, located at 2031 E Madison Ave in Bastrop, Louisiana, presents a compelling investment opportunity. Boasting a strong 84.1% occupancy rate, the center benefits from a prime location along one of Bastrop's busiest roadways, providing 538 feet of frontage on E. Madison Avenue. The property sits on a 15.08-acre lot and is zoned CC-2, offering potential for future development on the developable excess land. A significant portion of the tenancy is comprised of national credit tenants, including Dollar General, Citi Trends, Hibbett Sports, Harbor Freight Tools, U.S. Agencies, and Affordable Home Furnishings. The strong tenant mix provides a stable income stream, further enhanced by Dollar General's recently commenced 10-year lease term. This multi-tenant retail center offers a rare combination of established income and future development potential, making it an attractive asset for discerning investors. The property is situated in Morehouse Parish, Louisiana, zip code 71220. The asking price for this exceptional retail investment is $4,250,000.

Highlights

  • 115,219-square-foot shopping center in Bastrop, LA, on a 15.08-acre lot.
  • 84.1% occupancy with national credit tenants including Dollar General, Citi Trends, Hibbett Sports, Harbor Freight Tools, and others.
  • Prime location on E. Madison Ave with 538 feet of frontage.
  • Zoned CC-2, offering future development potential.
  • Dollar General recently signed a 10-year lease.
  • Asking price: $4,250,000.

Property Details for 2031 Madison Ave

Property type
Lifestyle centers, Power centers
Square Feet
115,219 SF
Lot Size (sq. ft)
656,885 SF

Location Insight

City
Bastrop
County
Morehouse Parish
State
Louisiana
Latitude
32.7778452
Longitude
-91.8865535

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FAQs

What type of property is this?
Lifestyle center - Bastrop, LA Retail Center - High Occupancy
Where is the lifestyle center located?
The property is located at 2031 Madison Ave Bastrop, LA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 115,219-square-foot shopping center in Bastrop, LA, on a 15.08-acre lot.; 84.1% occupancy with national credit tenants including Dollar General, Citi Trends, Hibbett Sports, Harbor Freight Tools, and others.; Prime location on E. Madison Ave with 538 feet of frontage.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Christopher Dozier
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Madison Ave
Bastrop, LA 71220

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Madison Ave
Bastrop, LA 71220

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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2031 Madison Ave
  • Christopher Dozier
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