412 Avenue BBogalusa, LA 70427

Property Details for 412 Avenue B

Property size (Sq ft)

21,470 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional retail investment opportunity presents a fully occupied, Class B shopping center totaling 21,470 square feet, strategically located at 412 Avenue B in Bogalusa, Louisiana. The property boasts a prime location on a major thoroughfare, Avenue B, experiencing a high average annual daily traffic count of 13,419 vehicles (according to ESRI data). The center comprises three individual units within a single, one-story building, offering a diverse tenant mix. Suite A encompasses 8,192 square feet, Suite B offers 10,370 square feet, and Suite C provides 3,000 square feet. Currently operating at 100% occupancy under a modified lease structure, this multi-tenant property presents a stable and attractive income stream. Its advantageous location places it in close proximity to key community anchors, including the International Paper Mill, Our Lady of Angels Hospital, Bogalusa High School, and the YMCA, ensuring consistent foot traffic and visibility. The asking price is $840,000, translating to a price per square foot of $39.12. This represents a compelling investment opportunity in a thriving Louisiana market. The property's strong tenant base, high occupancy rate, and strategic location make it an ideal addition to any investor's portfolio. Further details are available upon request.

Location Insight

City

Bogalusa

County

Washington Parish

State

Louisiana

Latitude

30.7783

Longitude

-89.8652

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