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Property profile & analytics
OFF-MARKET
Office Spaces

224 Pecan Park Ave Alexandria, LA 71303-3308

2.12 ac lot
Entity Owned Free & Clear
Property ID
US36-0818100
Property summary
AI-generated overview

This exceptional 19,624 square foot commercial building, situated on a 2.12-acre lot at 224 Pecan Park Avenue in Alexandria, Louisiana, presents a compelling investment opportunity. Priced at $3,500,000, the property enjoys a prime location within a thriving commercial and medical complex, offering excellent visibility and accessibility. Its strategic position across from established businesses like La Eye and Laser and RedRiver ENT ensures high traffic and exposure. The building is currently partially leased, with existing long-term tenants providing a stable stream of rental income from day one. Designed with medical practices in mind, the layout includes numerous exam rooms, dedicated equipment spaces, and well-appointed individual offices. A large, central waiting area facilitates efficient patient flow. However, the flexible design makes it suitable for a wide range of professional office uses, allowing for multiple businesses or practices to occupy the space. This presents a unique chance to acquire a substantial, income-generating property in a desirable location with significant potential for growth and expansion. The building's size and amenities make it an attractive option for a variety of professional uses. The substantial lot size also offers potential for future development or expansion.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Lot 2.12 ac (92,347 SF)
APN 24-028-09715-0004
UPID US36-0818100
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Robichaux Elizabeth Employment Agency
  • ALAA H YOUNES Physician
  • ALBERT CRAIG PEARCE Physician
  • VIKRAM SINGH NIJJAR Physician
  • JOSEPH WAYNE LANDRENEAU Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
O S M S BUILDING CORPORATION
O S M S BUILDING CORPORATION
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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