High-Visibility Storefront
For Sale
$175,000
2402 S MACARTHUR Drive, Alexandria, LA 71303
Well-maintained, approximately 12-year-old commercial building in a high-traffic area with strong exposure for retail or service uses.
Property Size1,200 SF
Price / SF$145.83
Days on Market153
Property Features for 2402 S MACARTHUR Drive
General Information
Standard status
Active
Size
1,200 SF
Property subtype
General Commercial
Building Details
Year Built
2012
Listing Agency:
LATTER AND BLUM Central Realty LLC
(318) 715-4795
Listed By:
Buck Holt · License #995704186
(318) 715-4795
Source:
Xome
Added: Mar 4
Changed: Jul 22
Last Checked: Aug 4 at 3:32AM
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 LATTER AND BLUM Central Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained storefront commercial building is approximately 12 years old and designed to support a variety of commercial uses. The building offers a commercial storefront configuration intended for business presence and visibility.
The property is located on S MacArthur Drive in a high-traffic area, providing exposure for customers passing by. Accessibility is highlighted as part of the overall offering.
With a relatively compact size, this is a straightforward option for an owner-operator or investor seeking a storefront-style commercial property in a busy setting.
The property is located on S MacArthur Drive in a high-traffic area, providing exposure for customers passing by. Accessibility is highlighted as part of the overall offering.
With a relatively compact size, this is a straightforward option for an owner-operator or investor seeking a storefront-style commercial property in a busy setting.
Key Highlights
- Well‑maintained commercial building built in 2012 (about 12 years old)
- Zoned C for commercial use
- High‑traffic, high‑visibility location with strong business exposure
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $18.00 |
| − Vacancy | −$972 | −$0.81 |
| EGI | $20.6k | $17.19 |
| − OpEx | −$6.2k | −$5.16 |
| NOI | $14.4k | $12.03 |
1,200 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.8K
$289.4K – $385.9K
NOI $23,155 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
267k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 27%
Dining 27%
Shops & Services 20%
Groceries 15%
Albertsons
Groceries
40,163 visits/mo
0.2 miles
Dillard's
Apparel
28,873 visits/mo
0.3 miles
JCPenney
Apparel
26,935 visits/mo
0.3 miles
Chili's Grill & Bar
Dining
18,934 visits/mo
0.2 miles
Books-A-Million
Shops & Services
17,866 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Albertsons Floral — 2265 s macarthur dr, alexandria, la 71301
- Sam's Club Floral — 3805 North Blvd, Alexandria, LA 71301
Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained, approximately 12-year-old commercial building in a high-traffic area with strong exposure for retail or service uses.
Where is this storefront property located?
The property is located at 2402 S MACARTHUR Drive Alexandria, LA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Well‑maintained commercial building built in 2012 (about 12 years old); Zoned C for commercial use; High‑traffic, high‑visibility location with strong business exposure
