1/67

Listing Courtesy of: Marcus Clavier - Nations Real Estate Services LLC 985-778-2600

$1,300,000

Calculate Payment

27460 N N. POLO Road Folsom, LA 70437

General Commercial Residence

Beds

Baths

69,000 Sq. Ft.

30 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/14/2024 1:20 PM

Listing Details

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 o...nly 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. Continue reading

MLS#

2424894

Property Type

General Commercial

Square Feet

69,000 sq. ft

Lot Size