209-215 South Dr Natchitoches, LA 71457
This exceptional investment opportunity presents a fully occupied three-unit office strip mall situated at 209-215 South Drive in Natchitoches, Louisiana. The property boasts a total of 6,160 square feet on a 0.44-acre lot, strategically located on LA Highway 1 Business, placing it within easy reach of a vibrant mix of businesses and residential areas. The building is conveniently located within blocks of a hospital, various medical offices, retail establishments, restaurants, and residential neighborhoods, ensuring high visibility and consistent foot traffic. The property features concrete block construction with a durable metal roof, providing long-term structural integrity. Each of the three units benefits from both front and rear entrances, enhancing accessibility and convenience for tenants and customers. Ample off-street parking is available, including convenient side and rear parking areas. Recent upgrades include fresh paint throughout and new flooring, presenting a modern and well-maintained appearance. Each unit is equipped with its own central air and heating system, ensuring comfortable year-round occupancy. Furthermore, individual electric meters for each unit allow tenants to manage their utility costs independently. The property is currently under new leases with three established tenants, providing immediate and consistent rental income. Showings require advance notice to accommodate the tenants. This turnkey investment offers a strong return on investment with its prime location, modern amenities, and stable tenant occupancy. The asking price is $750,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.