309 Texas StVidalia, LA 71373
- Other commercial real estate
- 8,058 SF
Property Details for 309 Texas St
- Lot size
- 0.48 AC
- Property size (Sq ft)
- 8,058 SF
- Property type
- Other commercial real estate
- Property subtype
- Other retail properties
Description
This exceptional multi-use building, located at 309 Texas Street in Vidalia, Louisiana (zip code 71373), presents a compelling investment opportunity. The property boasts 8,058 square feet situated on a 0.48-acre lot, zoned for commercial use (Comm). Currently operating at 75% occupancy with a modified lease structure, the building offers a strong income stream with a gross annual income of $37,635 and a 9.00% cap rate. The property features ten on-site parking spaces, a significant advantage in this location. The building itself is a free-standing structure with metal siding, block, and brick exterior, a metal roof, and a concrete slab floor. Internal features include five offices, five restrooms, and private bathrooms. The building benefits from combination heating and air conditioning systems, and is connected to public water, sewer, natural gas, and cable utilities. Annual property taxes are $5,665.12, and estimated annual utility expenses are $2,431.54. The remaining lease term is three years. The property's APN is W-4 212, 210-147. Currently leased to a mix of professionals, including attorneys and a financial advisor, this building offers a stable and potentially lucrative investment. Its prime location on the corner of N Spruce Street and Texas Street ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.
Location Insight
- City
- Vidalia
- County
- Concordia Parish
- State
- Louisiana
- Latitude
- 31.5681
- Longitude
- -91.4276
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].