Mixed-Use Quadplex with Retail
For Sale
$300,000
497 W Railroad Ave, Independence, LA 70443
Two lower flexible spaces plus four upper units provide multiple paths for retail, office, or residential concepts.
Property SizeContact for details
Days on Market523
Property Features for 497 W Railroad Ave
General Information
Standard status
Active
Listing Agency:
NextHome Real Estate Professionals
(985) 969-1518
Listed By:
Tiffany Pierce · License #995690072
(985) 969-1518
Source:
Exprealty
Added: Mar 18, 2025
Changed: Aug 20
Last Checked: Aug 21 at 2:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Real Estate Professionals
Investment Insights
Based on property information with market context.
This for-sale mixed-use building is arranged with two spacious areas on the lower level that can be adapted for a variety of uses such as a banquet hall, offices, storefront space, or other configurations. The upper levels include four units, offering an opportunity to operate as apartments, office spaces, or short-term rental-style accommodations.
Located at 497 W Railroad Ave in Independence, LA, the property’s layout supports a live/work or multi-revenue approach, depending on how an owner or operator chooses to configure each floor. The combination of flexible lower space and multiple upper units can be attractive for investors or owner-operators seeking to align unit mix with their business plan.
For tenants, this asset may fit teams looking for adaptable office or retail space on the ground level, with the option of multiple unit-style setups above. For buyers, the structure’s two distinct areas—lower flexible spaces and four upper units—creates room to pursue different use strategies within a single property. Final suitability will depend on how the space is ultimately configured and permitted for each intended use.
Located at 497 W Railroad Ave in Independence, LA, the property’s layout supports a live/work or multi-revenue approach, depending on how an owner or operator chooses to configure each floor. The combination of flexible lower space and multiple upper units can be attractive for investors or owner-operators seeking to align unit mix with their business plan.
For tenants, this asset may fit teams looking for adaptable office or retail space on the ground level, with the option of multiple unit-style setups above. For buyers, the structure’s two distinct areas—lower flexible spaces and four upper units—creates room to pursue different use strategies within a single property. Final suitability will depend on how the space is ultimately configured and permitted for each intended use.
Key Highlights
- Two flexible lower‑level areas for use as a banquet hall, offices, or storefront
- Four upper units with potential for apartment, office, or short‑term rental use
- Property layout supports multiple concepts across lower retail/office space and upper units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 70443, LA
10,229
Population
3,321
Households
3.1
Avg Household Size
38
Median Age
18%
College-Educated
74%
High-School Grad
76.2 sq mi
ZIP Area
134
Density / Sq Mi
$59,333
Median Household Income
$36,242
Median Earnings
$953
Median Rent
$145,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two lower flexible spaces plus four upper units provide multiple paths for retail, office, or residential concepts.
Where is this quadplex located?
The property is located at 497 W Railroad Ave Independence, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two flexible lower‑level areas for use as a banquet hall, offices, or storefront; Four upper units with potential for apartment, office, or short‑term rental use; Property layout supports multiple concepts across lower retail/office space and upper units
