2913 Ruth StSulphur, LA 70663

Property Details for 2913 Ruth St

Lot size

1.05 AC

Property type

Retail properties

Property subtype

Outlet malls

APN

01096001A

APU

01096001A

Description

This exceptional 7,676 square foot retail shopping center, situated on a 1.02-acre lot in Calcasieu Parish, Louisiana, presents a prime investment opportunity. The single-story building boasts a prime location at 2913 Ruth Street in Sulphur, LA 70663, offering excellent visibility and accessibility. Currently, 2,000 square feet of retail space is available for lease, providing a fantastic chance for expansion or new business establishment. The center is strategically positioned along Ruth Street and conveniently located near I-10 Exit, benefiting from high traffic volume in a rapidly developing area of Southwest Sulphur. This new construction strip center is ideally suited for businesses seeking exposure in a thriving commercial corridor. The area is experiencing significant growth, with numerous new businesses and residential developments in the South Sulphur/Carlyss area, creating a strong customer base. The property's single-building design and convenient access make it an attractive option for a variety of retail or office uses. Don't miss this chance to secure a space in one of the fastest-growing commercial areas in Southwest Louisiana.

• CAP approach

  CAP return

  Valuation

  6%

  $18,482,706

  6.5%

  $17,060,958

  7%

  $15,842,319

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,770,230

  Geo Method

  $34,507,620

• Alternative Use

  Use

  Valuation

  Residential

  $14,391,557

  Hospitality

  $13,182,589

  Educational

  $10,967,759

  Medical

  $11,344,957

  Retail

  $17,060,958

Location Insight

City

Sulphur

County

Calcasieu

State

Louisiana

Latitude

30.2107

Longitude

-93.376

CBSA code

29340

CBSA name

LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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