Property profile

635 Madison Ave Bastrop, LA 71220

OFF-MARKET
Office Spaces
576 SF
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Property summary

AI-generated overview

This exceptional 576-square-foot office space in Bastrop, Louisiana, is perfectly situated within the thriving Magnolia Plaza shopping center. Recently and completely renovated, this property offers an energy-efficient design and is ready for immediate occupancy. Previously configured as a 567-square-foot retail/drive-thru space, the owner will convert it to office space to meet the buyer's needs, per approved end-use plans. All utilities—cable, electric, and gas—are available and metered separately for efficient cost management. The lease rate includes common area maintenance, providing added value and convenience. The property benefits from over 100 parking spaces, enhanced by security measures at both the parking lot and storefronts, ensuring a safe and secure environment for tenants and clients. Located in a high-traffic area with a daily count exceeding 19,000 vehicles, this space enjoys excellent visibility and accessibility. The strong tenant mix within Magnolia Plaza includes well-established businesses such as Cost Plus Furniture, Climate Control Storage, From The Heart Designs, Raw Kutz International Barber & Beauty Shop, Jiffy Tax, Spin Spa Laundry, and Cover 2 Wings & Grill, creating a vibrant and attractive commercial environment. This is a rare opportunity to secure a renovated, well-located office space in a bustling shopping center. The property's prime location and convenient amenities make it an ideal choice for a variety of businesses.

Property profile

Verified
Property type Office Spaces
Total area 576 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Postal Service Courier Service

Location

635 Madison Ave Bastrop, LA 71220
Bastrop metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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