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    200 3Rd St Leesville, LA 71446

    For Sale
    $629,900

    Iconic Louisiana hotel, ripe for renovation.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    The National Hotel, a three-story landmark located at 200 S 3rd St, Leesville, LA 71446, presents a unique investment opportunity. This historically significant building, formerly known as the Old Eissman building, boasts stunning architecture and is listed on the Historic Registry. Currently offered at $629,900, the property presents a blank canvas for a creative entrepreneur. Its prime location in Vernon Parish offers significant potential for redevelopment. The building's substantial size and character provide the foundation for a variety of exciting projects. Imagine transforming this iconic hotel into luxurious lofts, modern apartments, or a revitalized hospitality establishment. The possibilities are endless, allowing for the creation of a unique and profitable venture that honors the building's rich history while embracing contemporary design and functionality. The property's three-story structure and prominent location on 3rd Street offer exceptional visibility and accessibility. This is a rare chance to acquire a piece of Louisiana history and shape its future. The property's historical significance and prime location in Leesville, Louisiana, make it an attractive investment for those seeking a high-impact project with significant potential for return.

    Property Features for 200 3Rd St

    General Information

    Property type
    Hotels

    HighLights

    • $629,900 asking price.
    • Hospitality property type; Hotel subtype.
    • Located at 200 S 3rd St, Leesville, LA 71446.
    • Historic three‑story building, listed on the Historic Registry.
    • Renovation opportunity for lofts, apartments, or hotel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vernon Council On Aging, ... Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -93.261477666378
    Latitude
    31.142640747352

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    FAQs

    What type of property is this?
    Hotel - Iconic Louisiana hotel, ripe for renovation.
    Where is this hotel located?
    The property is located at 200 3Rd St Leesville, LA.
    What is the asking price?
    The asking price for this property is $629,900.
    What are key features of this property?
    This property features: $629,900 asking price.; Hospitality property type; Hotel subtype.; Located at 200 S 3rd St, Leesville, LA 71446.
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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
    200 3Rd St Leesville, LA 71446
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