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    5409 University Pkwy Natchitoches, LA 71457

    Sponsored
    For Sale
    $2,450,000

    Prime Redevelopment Opportunity: Hotel, Retail, More

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.45 million dollar mixed-use land parcel presents a unique redevelopment opportunity in the thriving city of Natchitoches, Louisiana. Located at 5409 University Parkway, this strategically positioned property boasts high visibility and accessibility, situated directly adjacent to a Burger King and conveniently located off Interstate 49. The expansive lot offers significant potential for a variety of commercial ventures, including hotels, restaurants, retail establishments, or even a gas station. The current owner is open to subdividing the land into parcels of no less than one acre each, providing flexibility for developers with diverse project scopes. This prime location in Natchitoches Parish, Louisiana (zip code 71457), offers a compelling investment prospect for those seeking high-impact commercial development in a dynamic market. The property's location on University Parkway ensures high traffic volume and excellent exposure to a substantial customer base. This is a rare chance to acquire a significant piece of commercial real estate in a growing area with strong potential for substantial returns. The coordinates are 31.72647489967408 latitude and -93.1606657393528 longitude. The property is privately owned and is being offered for redevelopment.

    Property Features for 5409 University Pkwy

    General Information

    Property type
    Mixed-use properties

    HighLights

    • $2,450,000 asking price.
    • Mixed‑use land redevelopment opportunity in Natchitoches, LA.
    • Located on University Parkway near I‑49, adjacent to Burger King.
    • Suitable for hotel, restaurant, retail, or gas station development.
    • Owner will consider subdividing into parcels of at least one acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burger King Restaurant

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Food Market Hotel & Motel Cafe & Coffee Shop Convenience Store Smoke and Vape Shop Arcade & Gaming Center Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Natchitoches
    County
    Natchitoches Parish
    State
    Louisiana
    Longitude
    -93.160665739353
    Latitude
    31.726474899674

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Redevelopment Opportunity: Hotel, Retail, More
    Where is this mixed-use property located?
    The property is located at 5409 University Pkwy Natchitoches, LA.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: $2,450,000 asking price.; Mixed-use land redevelopment opportunity in Natchitoches, LA.; Located on University Parkway near I-49, adjacent to Burger King.
    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
    5409 University Pkwy Natchitoches, LA 71457
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