Courtesy: Realty Executives Florida Parishes
Sam DiVittorio
985-320-0263
Unique multi-cottage commercial investment opportunity featuring four cottage-style commercial buildings, three of which are currently leased to a donut shop, gun store, and restaurant. The fourth building is vacant and rough-in build out with remodeling started for a future hair salon, creating an excellent opportunity for an owner-occupant or additional rental income. Current rental rates are below market value, offering strong upside potential for investors. An adjoining ½-acre corner lot is also available for purchase and has been cleared and improved with utilities, providing potential for approximately 4–5 additional commercial cottage-style buildings. The existing cottages could potentially be converted to residential use, adding flexibility for future development. Conveniently located at the corner of Highway 40 and Harvest Lane, less than one mile from Loranger High School and about 10 miles from I-55, in Flood Zone X.
Loranger is located in Louisiana. Loranger, Louisiana has a population of 7,232. Loranger is more family-centric than the surrounding county with 37.26% of the households containing married families with children. The county average for households married with children is 28.56%.
The median household income in Loranger, Louisiana is $58,933. The median household income for the surrounding county is $50,659 compared to the national median of $69,021. The median age of people living in Loranger is 34.1 years.
The average high temperature in July is 91.5 degrees, with an average low temperature in January of 38.2 degrees. The average rainfall is approximately 63.4 inches per year, with 0 inches of snow per year.
