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    1610 Melrose St Pineville, LA 71360

    For Sale
    $299,000

    High-Visibility, Established Tenants, Great ROI

    Property size:
    4,236 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 4,236 square foot commercial building, situated on a 0.62-acre lot at 1610 Melrose Street in Pineville, Louisiana, presents a compelling investment opportunity. The property boasts a highly desirable location, offering excellent visibility and convenient access to Louisiana College (LCU), a nearby apartment complex, and major commuter routes from Marksville. This strategic positioning ensures high traffic and strong potential for sustained growth. Currently occupied by two long-term commercial tenants, the property generates immediate and consistent rental income. These established tenants have expressed their intention to remain in the building post-sale, providing a stable and predictable cash flow for the new owner. The building itself is well-maintained and ready for immediate occupancy. The substantial size of the lot offers potential for future expansion or development, adding further value to this already attractive investment. This is a rare chance to acquire a turnkey commercial property in a thriving area with established tenants and significant upside potential. The asking price is $299,000. Don't miss this opportunity to secure a stable and profitable commercial investment in a prime Pineville location.

    Property Features for 1610 Melrose St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,236 SF
    Lot Size
    27,007 SF

    Building Details

    Year Built
    1999
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pipeville Tobacco Stop Tobacco Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pineville
    County
    Rapides
    State
    Louisiana
    Longitude
    -92.41653
    Latitude
    31.324

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility, Established Tenants, Great ROI
    Where is this commercial real estate located?
    The property is located at 1610 Melrose St Pineville, LA.
    What is the asking price?
    The asking price for this property is $299,000.
    (318) 319-0859
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    1610 Melrose St Pineville, LA 71360
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    Pineville, LA 71360
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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
    1610 Melrose St Pineville, LA 71360
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