27460 N N. Polo Road
Folsom, LA, 70437 $ 1,300,000
Baths0.0 Sq 69,000 Monthly Estimate*
$ 9,081
Studio
for $1,300,000. This 69,000 square foot building was built on a lot size of 30.
OWNER WILL FINANCE Formerly known as Serenity Farms, now known as Hitch Stables, which sits on approx. 30 acres, has an approx. 39,000 sf. Arena for Horse, and other animal shows, Three (3) large Barns, with one being under contract with a Horse Trainer, and Boarder, that has been on premises for only Six (6) months, and has so far rented 15 stales at ($300.00/head, or $4500.00 per month or $54,000.00 annually. This Barn/Stable, has 50 stales to be rented, with a Pro-Forma Income of ($15,000.00 per month, net to the Buyer of this property. Six (6) enclosed Padox Arena's, for Horse and other animal shows, or for safe, controlled keeping. Twice (2ce) a Year, there are Two (2) main events for Horses, and Buyer would receive an additional ($25,000.00) dollars, total paid by a Horse Membership Association. Pro-Forma Income on the other 208 Animal Stables, could be ($300.00) per animal, totaling $77,400.00 per month at 100% occupancy. Therefore, its prudent to hire a Property Management team to market this potential income stream, that is possible, due to the improvements that are in place. A 2,000 square foot home has just been 100% renovated, that is on the property. In the event the Buyer would want to build a large Home, there is plenty of acreage in the rear for future development.
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FeaturesGeneralSewer Septic Tank
Zoning rec
Construction Materials Frame
Stories 1
Levels One
County St. Tammany
New Construction 0
Property Type Commercial Sale
Subdivision Name Folsom
Other Structures Living Quarters
Total Rooms 1
Status Active
Directions N. of Interstate 12 proceeding N. on Highway 1077 to Polo Road Folsom Louisiana
City Folsom
Buyer Agent Compensation 2.5
Street Name N. POLO
Year Built Details 999
Property Condition Resale
Days on Market 73
Structure Type Mixed Use Warehouse
Standard Status Active
Buyer Agent Compensation Type %
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ExteriorParking Features Parking Lot
Lot Features Acreage Outside City Limits
Water Source Well
Lot Size Area 30
Building Area Total 69000
Lot Dimensions 999
Lot Size Acres 30
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InteriorFull Baths 0
Half Baths 0
Street Suffix Road
Total Bedrooms 0
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* Excluded FeaturesList ByNations Real Estate Services LlcBroker
mclavier.access@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,081
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Folsom, LA
Average List Price $720,417
Percent of Sale Price 45%
About Folsom, LA 745 Population
33% Since 2002
$ 64,131 Median Income
43.8 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
476401 Elementary School
475975 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/15/2024 | $1,300,000 | -10.34% | Price Down |
12/4/2023 | $1,450,000 | | Listed Price |