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    224 Pecan Park Ave Alexandria, LA 71303

    For Sale
    $3,500,000

    Spacious medical/office complex, high visibility.

    Property size:
    19,624 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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 Features for 224 Pecan Park Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    19,624 SF
    Lot Size
    92,347 SF

    Building Details

    Year Built
    2004
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Robichaux Elizabeth Nursing Agency ALAA H YOUNES Cardiologist ALBERT CRAIG PEARCE Cardiologist VIKRAM SINGH NIJJAR Cardiologist JOSEPH WAYNE LANDRENEAU Cardiologist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Rapides
    State
    Louisiana
    Longitude
    -92.49021
    Latitude
    31.29337

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious medical/office complex, high visibility.
    Where is this commercial real estate located?
    The property is located at 224 Pecan Park Ave Alexandria, LA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    (318) 266-7448
    Request Owner's contact information
    224 Pecan Park Ave Alexandria, LA 71303
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    Alexandria, LA 71303
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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
    224 Pecan Park Ave Alexandria, LA 71303
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