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1502 Louisiana 22
Madisonville, LA 70447
Asking Price
$850K
Asset Type
Land
Class
Class B
What's Special
Prime HC-3 Commercial Corner | Hwy 22 & Perrilloux Rd | Madisonville, LA <ul><li><span style="color: rgba(55, 65, 81, 1)">±1.042 acres (±45,390 SF)</span></li><li><span style="color: rgba(55, 65, 81, 1)">Prime corner location at Hwy 22 & Perrilloux Rd</span></li><li><span style="color: rgba(55, 65, 81, 1)">Zoned HC-3</span></li><li><span style="color: rgba(55, 65, 81, 1)">Approximately 12,290 VPD</span></li><li><span style="color: rgba(55, 65, 81, 1)">Site has been filled and elevated</span></li><li><span style="color: rgba(55, 65, 81, 1)">Existing drainage imp
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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965
