2031 Madison AveBastrop, LA 71220

  • Retail properties
  • 115,219 SF
For Sale
$4,250,000 View listing

Property Details for 2031 Madison Ave

Lot size
15.08 AC
Property size (Sq ft)
115,219 SF
Property type
Retail properties
Property subtype
Lifestyle centers

Description

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.

2031 Madison Ave, Bastrop, Louisiana

Location Insight

City
Bastrop
County
Morehouse Parish
State
Louisiana
Latitude
32.7778
Longitude
-91.8866

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