Folsom LA Real Estate & Commercial for Sale

INCOME PRODUCER! Nestled in the heart of Louisiana's picturesque countryside, the Folsom Thoroughbred Training Center stands as a premier destination where thoroughbred owners, trainers and exercise riders come together to Prepare Thoroughbreds for the Races. This Training Barn on One Full Acre, in the Heart of Horse Country, is a part of a wonderful Race Horse Training Facility with a Meticulously Maintained Mile Training Track and is Central to all Major LA Tracks allowing for Year Round Racing. Watch Morning Workouts from the Track Rail right behind your Own Barn as this property is Located on the Track Side. Everything needed for Racehorse Conditioning! INCLUDES: 20 Stalls, Covered Wash Rack w/Hot & Cold Water, Covered 4-Horse Walking Wheel, Bathroom w/W&D Hook-up. 3 Versatile rooms currently being used as 2 Tack Rooms & 1 Bunk Room. IMPROVEMENTS: All New Electric w/2 New Panels & LED Lights. INCOME: Stalls rent for 150/mo ea. Current Income is $1,500 to $1.600/Mo. Preferred Flood Zone X!

Gene's Country Store has been a fixture in the Folsom area since 1923. There have only been three owners in the past 65 years. This is a rare opportunity to purchase one of the only commercially zoned businesses in a rural area of the fast-growing western part St. Tammany Parish. The offering features a convenience store with a kitchen, two pumps (total), with gas (non-ethanol) and diesel. It is situated on 1.85 acres and is located south of downtown Folsom. Sale includes land, building, and business, including inventory, equipment, and fixtures. All permits are in place. The convenience store sells groceries, snacks, coffee and assorted drinks. There is a kitchen that serves breakfast and lunch. It includes a tobacco license and a license to sell wine and beer (11% and less alcohol content). It also has a license to sell tobacco. There is a septic system and a drinking water well. The location has been used in two movies, a commercial, and a photoshoot for the New Orleans Saints NFL Saintsations. It is located in an X Flood Zone. The current building was constructed in 1984. It was renovated five years ago with the plumbing and electrical systems replaced, and the interior refinished. The water well and septic systems were updated and inspected by governing authorities.

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.

Corner property with ample parking. Previously rented as convenience store/laundromat. Great visibility.

6% Cap rate, NNN investment property.