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    114 Washington St Bastrop, LA 71220

    Sponsored
    For Sale
    $115,000

    Historic Downtown Retail/Office

    Property size:
    4,640 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    328
    This exceptional 4,640 square foot commercial property, located at 114 & 116 S Washington Street in Bastrop, Louisiana, presents a unique investment opportunity. Situated on a 0.15-acre lot in the heart of Bastrop's Historic Courthouse Square, this building boasts a rich history as "The Market," a beloved antique boutique for over 30 years. Currently configured as a retail space with eight partitioned rooms and two restrooms, the layout is adaptable for various uses, including office space. The open doorways allow for flexible floor plans, accommodating both retail and office needs. The property is being sold "As Is/Where Is" at its appraised value of $115,000, or $24.78 per square foot. The land value alone is appraised at $766,666.67 per acre. Built in 1910, the building is zoned MS-3 and offers a blend of historic charm and modern adaptability. The existing business and inventory are available for separate purchase, with price negotiable. Showings are by appointment only. Please note that the business is still operational.

    Property Features for 114 Washington St

    General Information

    Property type
    Distribution properties
    Square Feet
    4,640 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1910
    Units
    1

    HighLights

    • $115,000 asking price for a 4,640 square foot property.
    • Located at 114 & 116 S Washington Street, Bastrop, LA 71220.
    • Property type: Retail, Office, and Industrial; Subtype: Executive Office and Warehouse.
    • Features 4,640 square feet on a 0.15‑acre lot, with a price per square foot of $24.78 and a land value of $766,666.67 per acre.
    • Built in 1910, with MS‑3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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 Parish
    State
    Louisiana
    Longitude
    -91.9147345
    Latitude
    32.7777462

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    FAQs

    What type of property is this?
    Distribution property - Historic Downtown Retail/Office
    Where is this distribution property located?
    The property is located at 114 Washington St Bastrop, LA.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: $115,000 asking price for a 4,640 square foot property.; Located at 114 & 116 S Washington Street, Bastrop, LA 71220.; Property type: Retail, Office, and Industrial; Subtype: Executive Office and Warehouse.
    Request Owner's contact information
    114 Washington St 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
    114 Washington St Bastrop, LA 71220
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