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    111 1St St Springhill, LA 71075

    Sponsored
    For Sale
    $450,000

    Six-Building Complex, High Potential

    Property size:
    30,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a unique chance to acquire a substantial commercial property in Springhill, Louisiana. The property, located at 111 NE 1st Street, comprises a 30,000 square foot complex, originally a hospital, now thoughtfully divided into six separate buildings. This configuration offers significant flexibility for a variety of uses and potential income streams. Currently, several tenants occupy the buildings, generating existing revenue. The property sits on a generous 1.23-acre lot, providing ample space for expansion, parking, or future development. The asking price for this multi-building complex is $450,000. Given its size, existing tenancy, and prime location in Springhill, this property represents a compelling investment prospect with considerable upside potential. The individual buildings offer diverse layouts and sizes, catering to a range of business needs. The property's history as a hospital suggests robust construction and infrastructure, providing a solid foundation for long-term ownership. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity. Detailed financial information and tenant occupancy details are available upon request. This is a rare chance to acquire a substantial commercial property in a growing market at an attractive price point. Don't miss this chance to secure a valuable asset in a desirable location.

    Property Features for 111 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    30,000 SF
    Lot Size
    53,579 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Springhill
    County
    Webster
    State
    Louisiana
    Longitude
    -93.46024
    Latitude
    33.00308

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    FAQs

    What type of property is this?
    Commercial real estate - Six-Building Complex, High Potential
    Where is this commercial real estate located?
    The property is located at 111 1St St Springhill, LA.
    What is the asking price?
    The asking price for this property is $450,000.
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    111 1St St Springhill, LA 71075
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    Springhill, LA 71075
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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
    111 1St St Springhill, LA 71075
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