Current Use by Public Records
- Commercial real estate
Property Details for 209-215 South Dr
- Year built
- 1985
- Lot size
- 0.44 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Natchitoches
- County
- Natchitoches
- State
- Louisiana
- Longitude
- -93.0818
- Latitude
- 31.7465
