11787 Highway 190Merryville, LA 70653
- Retail properties
- 1.11 AC
Property Details for 11787 Highway 190
- Lot size
- 1.11 AC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 0220002500A
- APU
- 0220002500A
Description
This exceptional freestanding retail property, located at 11787 Highway 190 West in Merryville, Louisiana, presents a significant opportunity. The single-tenant building boasts a total of 10,563 square feet, with approximately 10,465 square feet currently vacant. Previously occupied by a Family Dollar/Dollar Tree combination store, this newer construction building offers ample space and parking to accommodate a wide range of retail businesses. The property sits on a 1.11-acre lot and benefits from dual access points, conveniently located off Highway 190 and Highway 389, ensuring high visibility and accessibility for customers. The building is a single-story structure situated in Beauregard Parish, Louisiana, zip code 70653. This prime location offers excellent potential for a variety of retail uses. Any sublease terms are contingent upon the approval of the master landlord. This property is ideal for an entrepreneur seeking a well-positioned retail space in a growing community. The property's size, location, and ample parking make it an attractive option for businesses seeking a strong presence in the Merryville market. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $19,539,022
- 6.5%
- $18,036,020
- 7%
- $16,747,732
-
Comparable approach
- Method
- Valuation
- Relative Method
- $23,014,434
- Geo Method
- $36,479,784
-
Alternative Use
- Use
- Valuation
- Residential
- $15,214,057
- Hospitality
- $13,935,995
- Educational
- $11,594,584
- Medical
- $11,993,340
- Retail
- $18,036,020
Location Insight
- City
- Merryville
- County
- Beauregard
- State
- Louisiana
- Latitude
- 30.7536
- Longitude
- -93.5524
- CBSA code
- 19760
- CBSA name
- DE RIDDER, LA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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- 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.
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