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    2208 Wallace Blvd Ferriday, LA 71334

    Sponsored
    For Sale
    $199,000

    Two Rental Units, High Traffic Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional mixed-use commercial property in Ferriday, Louisiana, presents a lucrative investment opportunity. Located at 2208 & 2210 East Wallace Boulevard, this property boasts two separate rental units, strategically positioned between a well-established hardware store and the Ferriday Market, ensuring high visibility and foot traffic. The combined square footage of both units totals 5,434 square feet. One unit is currently leased to a thriving event planning business, occupying 2,984 square feet. The property's exterior is well-maintained, as shown in the accompanying photographs. The asking price of $199,000 includes both rental spaces, offering immediate income potential. This prime location in Ferriday provides excellent access to a strong local customer base and presents significant potential for future growth and development. The property is situated on a 0-acre lot. This is an ideal investment for those seeking a diversified commercial portfolio with established tenants and a strong location. Contact the provided number for further details and to schedule a viewing. This is a rare opportunity to acquire a well-situated, income-generating commercial property in a thriving market. Don't miss out on this chance to secure a valuable asset in Ferriday, Louisiana.

    Property Features for 2208 Wallace Blvd

    General Information

    Property type
    Mixed-use properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Ferriday
    County
    CONCORDIA
    State
    Louisiana
    Longitude
    -91.55112
    Latitude
    31.65288

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    FAQs

    What type of property is this?
    Mixed-use property - Two Rental Units, High Traffic Location
    Where is this mixed-use property located?
    The property is located at 2208 Wallace Blvd Ferriday, LA.
    What is the asking price?
    The asking price for this property is $199,000.
    (337) 522-7554
    Request Owner's contact information
    2208 Wallace Blvd Ferriday, LA 71334
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    Ferriday, LA 71334
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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
    2208 Wallace Blvd Ferriday, LA 71334
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