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    12393 Lake Charles Hwy Leesville, LA 71446

    Sponsored
    For Sale
    $499,900

    High-yield retail center, 65% occupied.

    Property size:
    8,374 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This prime Leesville, Louisiana shopping center presents a compelling investment opportunity. Located at 12393 Lake Charles Hwy, 71446, this single-story, 8,374 square foot property sits on a 2-acre lot and boasts 10 units within a single building. Currently operating at 65% occupancy, this multi-tenant retail center offers significant upside potential. The asking price is $499,900, translating to $59.70 per square foot. The property is connected to city water and sewer, providing essential infrastructure. The center's convenient location in Vernon Parish offers excellent visibility and accessibility for tenants and customers. This is an exceptional chance to acquire a well-situated retail property with strong potential for increased revenue and return on investment. The property's existing tenancy provides a stable income stream, while the available space offers opportunities for lease expansion and diversification. This is an ideal investment for those seeking a proven, income-generating asset in a growing market. The property's size and layout are well-suited for a variety of retail businesses, making it an attractive option for both current and prospective tenants.

    Property Features for 12393 Lake Charles Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    8,374 SF
    Lot Size
    87,120 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    10

    HighLights

    • $499,900 asking price for this 8,374 square foot retail shopping center.
    • Multi‑tenant property with 10 units, 65% occupancy.
    • Located at 12393 Lake Charles Hwy, Leesville, LA 71446, on a 2‑acre lot.
    • Features city water and sewer.
    • Price per square foot is $59.70.
    Property Profile Location Intelligence

    Current Use by Public Records

    Queen Bee's Children's ... Children'S Store

    Suggested Use

    Building Supply Spa & Massage Wholesale Shop Hair Salon Clothing Store Auto Repair Shop Hotel & Motel Nail Salon Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leesville
    County
    Vernon Parish
    State
    Louisiana
    Longitude
    -93.27283356
    Latitude
    31.0767791

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail center, 65% occupied.
    Where is this lifestyle center located?
    The property is located at 12393 Lake Charles Hwy Leesville, LA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: $499,900 asking price for this 8,374 square foot retail shopping center.; Multi-tenant property with 10 units, 65% occupancy.; Located at 12393 Lake Charles Hwy, Leesville, LA 71446, on a 2-acre lot.
    Request Owner's contact information
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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
    12393 Lake Charles Hwy Leesville, LA 71446
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