111 W Main St
Homer, LA 71040
Firesale Grocery · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NOI: $151,342 with 78% occupied I Value Add Deal
- Recession resistant shopping center: 60% of the tenants have occupied more than 18 years providing stability
- 22% vacancy, value add deal
- Major Capital Improvement: 88% of the roof is new with TPO and roll roofing, and new parking lot as of 2020
- Bite size deal allowing buyers to buy a grocery anchored center at a low price point
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
33,793 SF
Building Class
C
Year Built
1999
Tenancy
Multiple
Building Height
1 Story
Zoning
Commercial
Parking
72 Spaces (2.13 Spaces per 1,000 SF Leased)
Frontage
602’ on W Main St.
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 1730053090 | Improvements Assessment | $16,260 |
| Land Assessment | $1,660 | Total Assessment | $17,920 |
