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    497 West Railroad Ave Independence, LA 70443

    For Sale
    $315,000

    Commercial Sale, Other - Independence, LA

    Property size:
    5,852 SF
    Lot size:
    0.13 Acres
    Days on Market:
    88
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 497 West Railroad Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    5,852 SF
    Lot size
    0.13 Acres

    Building Details

    Year built
    1956
    Architectural style
    Other

    NextHome, Inc

    Listing agent Tiffany Pierce (985) 429-0777 License #0995690072,PersonLicenseNumber

    Listing date Sep 9, 2025

    MLS# 2491242 Listing URL

    Copyright © 2025 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Mixed-Use Investment Opportunity

    This mixed-use property in Independence, LA, presents an investment opportunity with potential for various uses. The building, with a total size of 5852 square feet and situated on a 0.13-acre lot, features two spacious areas on the lower levels suitable for a banquet hall, offices, or storefronts. The upper levels contain four units that could be converted into apartments, offices, or short-term rental spaces. This property offers flexibility for expanding a real estate portfolio or launching a new business venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arline Event Center Event Venue

    Suggested Use

    Restaurant Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    State
    Louisiana
    Longitude
    -90.50079346
    Latitude
    30.63439369

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and residential potential in Independence, LA.
    Where is this mixed-use property located?
    The property is located at 497 West Railroad Ave Independence, LA.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: - High income potential due to versatile spaces.; - Two large areas suitable for banquet hall, offices, or storefronts.; - Four upper-level units adaptable to apartments, offices, or short-term rentals (Airbnb).
    (985) 429-0777
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    Independence, LA 70443
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    497 West Railroad Ave Independence, LA 70443
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