11787 Highway 190Merryville, LA 70653

Property Details for 11787 Highway 190

Lot size

1.11 AC

Property type

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.

• 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

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