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    FOR SALE
    Commercial real estate

    203 Pearl St, Minden, LA 71055

    Individually Owned Absentee Owner Free & Clear
    Property ID
    US36-2307801
    Property summary
    AI-generated overview

    This exceptional 5,870 square foot office building presents a unique investment opportunity in Minden, Louisiana. Ideally situated between two thriving commercial corridors, this property boasts high visibility and convenient access. Formerly used as a medical office and home health facility, the building is move-in ready and offers immediate occupancy. The versatile layout includes nine exam rooms, six individual offices, two spacious reception areas, two break rooms or potential lab spaces, three storage rooms, and seven half-baths. An oversized attic provides ample storage, ideal for records or inventory. Two separate entrances and reception areas allow for flexible use, such as leasing one side while utilizing the other for your own business, potentially generating a rapid return on investment. The property's strategic location and adaptable design make it suitable for a wide range of businesses. The 0.62-acre lot offers significant road frontage on Pearl Street and South Monroe Street, extending to two additional lots behind the building on Pine Street. The property also includes approximately 36 feet of parcel 109762, adding to its overall size and potential. This is a rare chance to acquire a well-maintained, versatile commercial property in a desirable location. The asking price is $1,150,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 109758
    UPID US36-2307801
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    RICHARD C BAKER
    RICHARD C BAKER
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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