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    12114 La Highway 416 Lakeland, LA 70752

    For Sale
    $199,000

    1.7-acre lot, multiple buildings, ideal for business.

    Property size:
    12,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 1.7-acre commercial property in Lakeland, Louisiana, presents a remarkable business opportunity. The expansive lot houses a versatile complex totaling 12,800 square feet of usable space, perfectly suited for a variety of commercial ventures. The main building, a substantial 2,400 square foot structure, previously served as a hardware store, offering ample space for retail or office use. Its layout and existing infrastructure provide a solid foundation for a new business. In addition to the main building, the property includes two sizable warehouses, totaling 9,500 square feet. These warehouses were previously utilized as a mechanic and tire shop and for storage, showcasing their adaptability to diverse operational needs. The existing infrastructure offers significant cost savings for potential buyers, eliminating the need for extensive renovations or new construction. The property's location in Lakeland provides convenient access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a substantial commercial property with significant existing structures at an attractive price point. The property's size and versatility make it an ideal investment for entrepreneurs seeking to establish a new business or expand an existing one. The potential for diverse uses and the significant existing building space make this a truly unique opportunity. The asking price is $199,000.

    Property Features for 12114 La Highway 416

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,800 SF
    Lot Size
    74,052 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Food Market Storage Facility Grocery Store Laundry Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Pointe Coupee
    State
    Louisiana
    Longitude
    -91.40612
    Latitude
    30.60048

    Nearby Comparable

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      Jarreau Commercial Property Investment

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      Ventress Commercial Property - 4 Acres

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    Nearby Similar for Sale

    • $1,354,281
      9,026 SF

      Lakeland Dollar General Retail

      High-yield, single-tenant retail investment.
      5641 Wye Rd, Lakeland, LA 70752
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 1.7-acre lot, multiple buildings, ideal for business.
    Where is this commercial real estate located?
    The property is located at 12114 La Highway 416 Lakeland, LA.
    What is the asking price?
    The asking price for this property is $199,000.
    (225) 769-0248
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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
    12114 La Highway 416 Lakeland, LA 70752
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