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    305 4Th St Independence, LA 70443

    Sponsored
    For Sale
    $149,900

    Versatile Commercial Space w/ Rental Income

    Property size:
    2,240 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2,240 square foot commercial building presents a unique investment opportunity in Independence, Louisiana. Located at 305 W 4th Street (also known as Martin Luther King Street), the property boasts a flexible layout ideal for a variety of uses. The main commercial space, spanning 1400 square feet, is perfect for office, medical, retail, or wellness-related businesses. Imagine establishing your dream practice, boutique, or fitness studio in this vibrant location. Adding to the income potential is an attached 840 square foot apartment featuring two rooms and a full bathroom, currently generating rental income. Further enhancing the property's utility is a 448 square foot storage room complete with washer and dryer hookups and a large sink area, providing ample space for inventory or equipment. Outside, a substantial 24 x 41 foot detached storage building offers additional storage capacity. The seller is open to considering financing options with acceptable terms, making this an even more attractive proposition. This property offers a blend of commercial and residential income streams, presenting a compelling opportunity for savvy investors seeking a versatile and profitable investment in a thriving community. Don't miss this chance to own a multi-faceted property with significant upside potential.

    Property Features for 305 4Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,240 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Dance Revelations Academy Dance School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.50203
    Latitude
    30.63551

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Space w/ Rental Income
    Where is this commercial real estate located?
    The property is located at 305 4Th St Independence, LA.
    What is the asking price?
    The asking price for this property is $149,900.
    (985) 345-6802
    Request Owner's contact information
    305 4Th St Independence, LA 70443
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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
    305 4Th St Independence, LA 70443
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