1011 Cooktown Rd Ruston, LA 71270-3113
This exceptional 3,164 square foot commercial property, situated on a 0.72-acre lot in Ruston, Louisiana, presents a unique investment opportunity. The building, previously a bank branch, is exceptionally well-maintained and boasts attractive landscaping. The property includes 14 parking spaces and three drive-thru lanes, making it ideal for a variety of uses. Its zoning allows for restaurant, retail, office, or medical operations; however, it cannot be used as a bank or insurance business. The location is highly desirable, with nearby businesses including Dillas, Smoothie King, Super 8 Hotel, Flying Burger, Take 5, and Chevron. Its proximity to Louisiana Tech University provides excellent access to a large student population and community. An additional approximately one-acre parcel of land adjacent to the property is also available for purchase, offering potential for expansion or development. This turnkey property is ready for immediate occupancy and offers significant potential for a savvy investor or business owner. The property address is 1011 Cooktown Rd, Ruston, LA 71270. The property is conveniently located in Lincoln Parish.
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Origin Bank Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
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