7777 Saint Bernard HwyArabi, LA 70032

Property Details for 7777 Saint Bernard Hwy

Lot size

1.00 AC

Property type

Retail space

APN

2507000000C2

APU

2507000000C2

Description

This exceptional commercial property presents a unique investment opportunity in the thriving Arabi, Louisiana market. Located on the highly visible W. Saint Bernard Highway, this expansive 1.17-acre site boasts a total of 15,879 square feet of versatile commercial space spread across multiple buildings. Previously utilized as a furniture store, the property's adaptable layout lends itself to a wide range of commercial uses, including retail, showroom, or mixed-use ventures. The zoning designation is C-2 Commercial, allowing for diverse business operations. The main building, formerly a furniture store, offers a substantial 9,959 square feet of space. Additional structures include a 849 square foot storage building, a 1,336 square foot modular home, a smaller 98 square foot storage building, a 2,786 square foot furniture storage building, and an 851 square foot office building. The property's prime location on a busy thoroughfare ensures high visibility and excellent traffic flow, providing maximum exposure for any business. The sale includes both 7777 and 7829 W. Saint Bernard Highway, offering a significant footprint for expansion or diversification. This is an unparalleled chance to acquire a substantial commercial property in a dynamic location with significant growth potential. The asking price is $950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $10,154,481

  6.5%

  $9,373,367

  7%

  $8,703,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,373,444

  Geo Method

  $7,803,634

• Alternative Use

  Use

  Valuation

  Residential

  $7,906,786

  Hospitality

  $7,242,573

  Educational

  $6,025,736

  Medical

  $6,232,970

  Retail

  $9,373,367

Location Insight

City

Arabi

County

Saint Bernard

State

Louisiana

Latitude

29.9514

Longitude

-89.9941

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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