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    1802 Madison Ave Bastrop, LA 71220

    Sponsored
    For Sale
    $199,999

    High-traffic retail space, excellent visibility.

    Property size:
    4,218 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1802 E Madison Avenue in Bastrop, Louisiana, presents a unique investment opportunity. The 4,218 square foot building sits on a 0.28-acre lot in the heart of Bastrop's bustling commercial district. Its prime location offers unparalleled visibility, situated alongside established businesses including a fitness center, Taco Bell, Sonic, Ivan Smith, banks, and Johnny's, ensuring high foot traffic and excellent exposure. The property features ample parking, accommodating at least 16 vehicles, potentially more. The building boasts a durable metal roof and offers significant potential for various uses, including multiple rental spaces or office conversion. The existing layout allows for flexible configuration to suit diverse business needs. The interior features high ceilings, ranging from 12 to 14 feet, and is equipped with a central heating and air conditioning system less than five years old, ensuring efficient climate control. Double front doors provide convenient access. This property's strategic location, combined with its versatile design and modern amenities, makes it an ideal investment for entrepreneurs and savvy investors seeking a high-return opportunity in a thriving Louisiana market. The zip code is 71220, and the property is in Morehouse County.

    Property Features for 1802 Madison Ave

    General Information

    Property type
    Land
    Square Feet
    4,218 SF
    Lot Size
    12,197 SF

    HighLights

    • $199,999 asking price.
    • Retail and land property totaling 4,218 square feet.
    • Located on a 0.28‑acre lot at 1802 E Madison Avenue, Bastrop, LA 71220.
    • Prime Bastrop commercial location near major businesses.
    • Features 16+ parking spaces, a metal roof, and potential for office space or rental units.
    Property Profile Location Intelligence

    Current Use by Public Records

    B & B Carpet Carpet Store Chase Tires Tire Shop

    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
    Bastrop
    County
    Morehouse
    State
    Louisiana
    Longitude
    -91.8927725
    Latitude
    32.7787638

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    FAQs

    What type of property is this?
    Land - High-traffic retail space, excellent visibility.
    Where is this land located?
    The property is located at 1802 Madison Ave Bastrop, LA.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: $199,999 asking price.; Retail and land property totaling 4,218 square feet.; Located on a 0.28-acre lot at 1802 E Madison Avenue, Bastrop, LA 71220.
    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
    1802 Madison Ave Bastrop, LA 71220
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