309 Texas StVidalia, LA 71373

  • Other commercial real estate
  • 8,058 SF
For Sale
$295,000 View listing

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.

309 Texas St, Vidalia, Louisiana

Location Insight

City
Vidalia
County
Concordia Parish
State
Louisiana
Latitude
31.5681
Longitude
-91.4276

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