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    1502 5Th St Leesville, LA 71446

    Sponsored
    For Sale
    $384,900

    Renovated 3,000 SF Corner Lot

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,000 square foot storefront, located at 1502 S 5th St, Leesville, LA 71446, presents a unique redevelopment opportunity. Situated on a 0.4-acre corner lot, this Class B building boasts high visibility on a major thoroughfare, benefiting from substantial parking and proximity to established businesses like Arby's and a Japanese steakhouse. The property features a 10-foot ceiling height and is zoned for commercial use. Currently vacant, this Net Lease investment offers significant potential for various retail or office uses. The building has undergone recent renovations. The asking price is $384,900, translating to $129.97 per square foot. This single-story building is part of a mixed-use property and is offered for sale by owner. Owner financing may be available. The property's address is also listed as 1402 S 5th St, with the addition of "Portfolio" in the address line.

    Property Features for 1502 5Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,000 SF
    Class
    B
    Lot Size
    17,424 SF

    Building Details

    Year Renovated
    1
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $384,900 asking price for a 3,000 square foot storefront.
    • Mixed‑use, Class B property with a Net Lease (NNN) investment opportunity.
    • Vacant, 1‑story building on a 0.4‑acre corner lot in Leesville, LA.
    • Renovated building with 10‑foot ceilings and substantial parking.
    • Located on a major thoroughfare with high traffic counts, near established businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto Windshield Repair ... Auto Repair Shop

    Suggested Use

    Realty agency Restaurant 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
    -93.26704288
    Latitude
    31.12834819

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    FAQs

    What type of property is this?
    Individual retail property - Renovated 3,000 SF Corner Lot
    Where is this individual retail property located?
    The property is located at 1502 5Th St Leesville, LA.
    What is the asking price?
    The asking price for this property is $384,900.
    What are key features of this property?
    This property features: $384,900 asking price for a 3,000 square foot storefront.; Mixed-use, Class B property with a Net Lease (NNN) investment opportunity.; Vacant, 1-story building on a 0.4-acre corner lot in Leesville, LA.
    Request Owner's contact information
    1502 5Th St Leesville, LA 71446
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    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
    1502 5Th St Leesville, LA 71446
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