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Professional Office Building with Lobby
For Sale
$265,000

1247 MACARTHUR Drive, Alexandria, LA 71303

Professional office building with a formal entrance and lobby, featuring private offices, conference space, and kitchen and bathroom.

Property Size3,000 SF
Price / SF$88.33
Days on Market628

Property Features for 1247 MACARTHUR Drive

General Information

Standard status Active
Size 3,000 SF
Property subtype General Commercial

Additional Details

Traffic Count 37,000 vehicles/day

Amenities

3
commer
Corner Lot.
118.5x45
Corner.

Building Details

Year Built 1965
Listing Agency: RITCHIE REAL ESTATE
Listed By: David Moses · License #0000072781B
Source: Xome
Added: Dec 15, 2024 Changed: Sep 1 Last Checked: Sep 4 at 2:39AM

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 RITCHIE REAL ESTATE

Investment Insights

Based on property information with market context.

This professional office building offers a formal entrance and lobby, along with multiple office rooms and an interior layout that includes a conference room and a copy room. The property also includes office space with a full kitchen and bathroom, and the building is described as offering six large offices.

The property is located on MacArthur Drive and is presented with MacArthur Drive frontage, with an advertised traffic audience of 37,000 cars per day in front of the building.

The offering is described as an investment property with a ground lease in place involving Lamar advertising on the property.

Key Highlights

  • 3,000 SF professional office space with frontage on MacArthur Drive
  • Ground lease in place with Lamar advertising on property
  • 1,500 SF office space includes a full kitchen and bathroom

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply HVAC Service Kitchen & Bath Showroom Storage Facility Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

37,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

851
Businesses Nearby

Demographics for 71303, LA

22,797
Population
10,388
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
63.4 sq mi
ZIP Area
360
Density / Sq Mi
$66,761
Median Household Income
$40,687
Median Earnings
$1,115
Median Rent
$232,900
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Professional office building with a formal entrance and lobby, featuring private offices, conference space, and kitchen and bathroom.
Where is this office building located?
The property is located at 1247 MACARTHUR Drive Alexandria, LA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 3,000 SF professional office space with frontage on MacArthur Drive; Ground lease in place with Lamar advertising on property; 1,500 SF office space includes a full kitchen and bathroom
More about this property
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