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🏢 Just listed — Storefront Retail for sale in Franklinton, LA.

📍 808 Riverside Dr, Franklinton, LA
🏷  Storefront Retail · For Sale
💰 $320K

Retail | 3,365 SqFt

<ul><li>0.17± Acre Lot</li><li>Both buildings together total 3,365± sq. ft. per appraisal</li><li>808 Riverside Drive is 2100± sq. ft. of potential office or retail space</li><li>810 Riverside Drive is 1265± sq. ft. currently a medical office building</li

Full financials, photos, and broker contact:
https://commrty.com/property/louisiana/franklinton/808-and-810-riverside-drive-2601972-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=808-and-810-riverside-drive-2601972

#Franklinton #Retail #CommercialRealEstate #CRE #Investment

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Home/LA/Franklinton

808 Riverside Dr

Franklinton, LA 70438

Asking Price

$320K

Asset Type

Storefront Retail

Class

Class B

What's Special

Retail | 3,365 SqFt <ul><li>0.17± Acre Lot</li><li>Both buildings together total 3,365± sq. ft. per appraisal</li><li>808 Riverside Drive is 2100± sq. ft. of potential office or retail space</li><li>810 Riverside Drive is 1265± sq. ft. currently a medical office building</li><li>Directly across Riverside Drive from Riverside Medical Center in Franklinton</li><li>Current tenant has more time left of the lease and would like to extend lease with new owner</li><li>Zoned Commercial, one building is tenant occupi

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

25.00%

DSCR

4.21

Strong

Cash-on-Cash

63.54%

Monthly Payment

$1,583.185

Annual Cash Flow

$61,001.775

Location & Travel Times

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