2031 Madison AveBastrop, LA 71220

Property Details for 2031 Madison Ave

Lot size

15.08 AC

Property size (Sq ft)

115,219 SF

Property type

Lifestyle centers

Property subtype

Power 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.

Location Insight

City

Bastrop

County

Morehouse Parish

State

Louisiana

Latitude

32.7778

Longitude

-91.8866

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