Catylist ID: #30148060
Digital Billboard with Retail Building
Business Opportunity for Sale
|Catylist Listing ID:||30148060|
|Property Subtypes:||Communications and Media|
|Building Size (RSF):||1,100 SF|
|Year Business Established:||2014|
|Gross Revenue:||$0 (Annual)|
|Cash Flow:||$56,700 (Annual)|
|Sale Terms:||Cash to seller.|
Overview / Comments
A digital billboard and a single tenant retail building. Both the building and the billboard are owned by the seller and are being offered together.
The building is leased to an authorized agent of MetroPCS. The billboard has multiple advertisers.
The billboard was built in 2014. The building was completely renovated in 2016.
Please do not discuss with tenant or tenant's employees. All income statements etc. to be released to buyers with current letter of proof of funds and signing of NDA. Contact listing representative for ALL showings.
The property is located at the intersection of Ninth Street (LA Hwy 70) and Brashear Ave in Morgan City Louisiana. Businesses located at the other four corners of the intersection are Whitney Bank, Courtesy GMC/Toyota/Ford and MidSouth Bank. A new Walmart Neighborhood Market has recently been built along Ninth Street. Other new additions nearby include a new AT&T building, a CC's Coffee, Verizon and Orange Leaf Yogurt. Ninth Street is the main connector route from Hwy 90 to Teche Regional Medical Center.
9% cap rate property.
|Nearest MSA:||Morgan City|
|Industry Segment:||Other Communication and Media|
|Value of Inventory Included ($):||$0|
|Value of Furniture, Fixtures, and Equipment ($):||$0|
|Value of Real Estate Included ($):||$0|
|Proximity:||1 mile||3 miles||5 miles|
Mark GuidrozParish Orleans Properties
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