11787 Highway 190Merryville, LA 70653

  • Retail properties
  • 1.11 AC
For Lease
$9/SF/YR View listing

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
11787 Highway 190, Merryville, Louisiana

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,532
$7,770
$130,628
$138,398
-
$77,700
$870,854
$948,554

FAQs

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