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    204 Madison Ave Bastrop, LA 71220

    Sponsored
    For Sale
    $49,000

    High-traffic corner lot, great potential!

    Property size:
    1,218 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional mixed-use property at 204 West Madison Avenue in Bastrop, Louisiana presents a compelling investment opportunity. Located just one block from the Morehouse Parish Courthouse Square, this .22-acre lot boasts an average daily traffic count exceeding 8,000 vehicles, ensuring high visibility and accessibility for any business. The property features a 1,218-square-foot building, previously occupied by a Church's Fried Chicken restaurant for over a decade. While the building remains, it offers a blank canvas for redevelopment or repurposing. The paved lot is ready for immediate use, making it ideal for a variety of commercial ventures, including restaurants or retail establishments. This prime location, combined with the existing infrastructure and high traffic volume, makes this property a rare find in the Bastrop market. Its proximity to the courthouse square further enhances its desirability and potential for attracting a diverse customer base. The property's size and location make it an excellent choice for entrepreneurs seeking a high-impact commercial space in a thriving community. This is a chance to capitalize on a strong location and existing structure to create a successful business venture. Serious inquiries are encouraged.

    Property Features for 204 Madison Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,218 SF
    Lot Size
    9,583 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    Bastrop
    County
    MOREHOUSE
    State
    Louisiana
    Longitude
    -91.9159
    Latitude
    32.77854

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic corner lot, great potential!
    Where is this mixed-use property located?
    The property is located at 204 Madison Ave Bastrop, LA.
    What is the asking price?
    The asking price for this property is $49,000.
    (318) 651-8000
    Request Owner's contact information
    204 Madison Ave Bastrop, LA 71220
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    Bastrop, LA 71220
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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
    204 Madison Ave Bastrop, LA 71220
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