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    5905 Coliseum Blvd Alexandria, LA 71303

    Sponsored
    For Sale
    $995,000

    Prime Alexandria location, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-acre commercial land parcel, located at 5905 Coliseum Blvd in Alexandria, Louisiana (APN: 2402767016000901), presents a unique investment opportunity. Priced at $995,000 ($497,500/acre), this property boasts a highly desirable location in a rapidly growing area of Alexandria. Situated on Highway 28W, it benefits from exceptional visibility and accessibility, enjoying proximity to major retailers such as Loewer Power Sports and Wal-Mart Super Center, as well as numerous restaurants and other retail establishments. The COMMERCIAL zoning allows for a wide range of development options, making it ideal for a variety of uses including professional offices, restaurants, or retail businesses. This prime piece of real estate offers significant potential for growth and return on investment in a thriving commercial corridor. The property is privately owned and ready for immediate development. The address is 5905 Coliseum Blvd, Alexandria, LA 71303.

    Property Features for 5905 Coliseum Blvd

    General Information

    Property type
    Individual retail properties
    Lot Size
    87,120 SF

    HighLights

    • $995,000 asking price for 2 acres of commercial land.
    • Located in Alexandria, LA, in a high‑traffic area on Highway 28W.
    • Zoned COMMERCIAL.
    • $497,500 per acre land value.
    • Adjacent to Loewer Power Sports and Walmart Supercenter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Alexandria
    County
    Rapides Parish
    State
    Louisiana
    Longitude
    -92.51160572438
    Latitude
    31.295414275118

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    FAQs

    What type of property is this?
    Individual retail property - Prime Alexandria location, high traffic area.
    Where is this individual retail property located?
    The property is located at 5905 Coliseum Blvd Alexandria, LA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: $995,000 asking price for 2 acres of commercial land.; Located in Alexandria, LA, in a high-traffic area on Highway 28W.; Zoned COMMERCIAL.
    Request Owner's contact information
    5905 Coliseum Blvd Alexandria, LA 71303
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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
    5905 Coliseum Blvd Alexandria, LA 71303
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