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Property profile & analytics
OFF-MARKET
Commercial real estate

209-215 South Dr Natchitoches, LA 71457

6,160 SF 0.44 ac lot Built 1985
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1985
Total area 6,160 SF
Lot 0.44 ac (19,166 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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