310 E Main St Gramercy, LA 70052
Estimated payment $3,073/month
About This Home
Available for sale, 310 E Main Street offers a stabilized single tenant NNN investment property with strong tenancy history. The tenant, Variety Wholesalers (operating as Roses Express), has hundreds of stores nation wide and has roots at this site since 1989. Additionally, Variety Wholesalers recently announced that they will be purchasing an additional 200-400 former Big Lots stores throughout the nation. The lease was most recently extended for a new 5 year term in 2021, and tenant has no plans of relocating. The property, standing at nearly 15,000 SF, features ample off-street parking, strong street presence along Main Street, new roof c. 2022, and major renovation after Hurricane Ida to modernize and repair the building.
The tenant is currently paying $38,500/year + NNN in addition to a percentage rent (which in recent years has been averaged ±$1,200/year).
The site is located in Gramercy and provides one of the only shopping outlets in the area. Gramercy is located between New Orleans and Baton Rouge and sits right on the Mighty Mississippi.
Property Details
Property Type
- Other
Year Built
- Built in 1960
Lot Details
- Corner Lot
- Rectangular Lot
- Zoning described as comm.
Parking
- Off-Street Parking
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 14,000 Sq Ft Home
- Property has 1 Level
Location
- City Lot
Listing and Financial Details
- Assessor Parcel Number 123
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,593 | $50,841 | $9,110 | $41,731 |
| 2023 | $4,731 | $42,931 | $1,200 | $41,731 |
| 2022 | $5,152 | $42,931 | $1,200 | $41,731 |
| 2021 | $5,154 | $42,931 | $1,200 | $41,731 |
| 2020 | $5,243 | $42,931 | $1,200 | $41,731 |
| 2019 | $4,338 | $35,431 | $1,200 | $34,231 |
| 2018 | $4,320 | $35,431 | $1,200 | $34,231 |
| 2017 | $4,326 | $35,431 | $1,200 | $34,231 |
| 2016 | $4,295 | $35,431 | $1,200 | $34,231 |
| 2015 | $3,853 | $35,431 | $1,200 | $34,231 |
| 2014 | $4,330 | $35,431 | $1,200 | $34,231 |
| 2013 | $3,870 | $35,431 | $1,200 | $34,231 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | Price Changed | $499,000 | -5.0% | $36 / Sq Ft |
| 01/17/2025 01/17/25 | For Sale | $525,000 | -- | $38 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Exchange Deed | -- | -- |
Source: ROAM MLS
MLS Number: 2483503
APN: 100059900
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