2208 Wallace BlvdFerriday, LA 71334

Property Details for 2208 Wallace Blvd

Property size (Sq ft)

5,434 SF

Property type

Retail properties

Property subtype

Office properties

Description

This Class A mixed-use commercial building, located at 2208 & 2210 East Wallace Blvd in Ferriday, Louisiana (zip code 71334), presents a compelling investment opportunity. The property boasts a total of 5,434 square feet, strategically situated on a major north-south corridor connecting Baton Rouge and New Orleans, ensuring high visibility and accessibility. The building is comprised of two rental units. One unit, currently leased to a nail salon, occupies 2,450 square feet and generates a monthly rent of $600 on a month-to-month basis. The second unit, encompassing 2,984 square feet of net rentable space, is currently vacant and available for lease at $950 per month. The property is offered at an asking price of $199,000. The building's classification as a mixed-use property allows for diverse tenancy options, including executive office, medical office, and storefront uses. The lease type is NNN (Net, Net, Net), meaning the tenant is responsible for property taxes, insurance, and maintenance. Currently, the occupancy rate stands at 50%. This property offers significant potential for rental income growth and capital appreciation, making it an attractive investment in a thriving Louisiana market. The Concordia Parish location provides easy access to major transportation routes, enhancing its appeal to a wide range of businesses. The property's versatile layout and prime location make it an ideal investment for both seasoned and new investors seeking a strong return on investment.

Location Insight

City

Ferriday

County

Concordia Parish

State

Louisiana

Latitude

31.6536

Longitude

-91.5517

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