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Property profile & analytics
OFF-MARKET
Mixed-use properties

108 109 Leesville, LA 71446

9,870 SF Built 1922
Property ID
Property summary
AI-generated overview

This exceptional 9,870 square foot mixed-use property, located at 108-109 N 3rd St in the heart of downtown Leesville, Louisiana, presents a unique investment opportunity. Previously operating as a theater – known historically as Celebrations, The Vernon Theatre, and Dreamland Theater – this building retains much of its original charm and character. The iconic marquee, once showcasing classic movie titles, now serves as a vibrant focal point for modern events. The interior offers ample space for a variety of uses, making it ideal for an event center, entertainment venue, or a creative adaptive reuse project. Its central downtown location provides excellent visibility and accessibility, placing it within easy reach of local businesses, residents, and tourists. The property's rich history and versatile layout offer a compelling blend of nostalgia and potential, promising a strong return on investment for the discerning buyer. This is a rare chance to acquire a piece of Leesville's heritage and shape its future. The property sits on a 0-acre lot and is priced at $399,900. The building's original features, including elements of its theatrical past, offer a unique and attractive ambiance for any future use. This is a truly remarkable opportunity to own a piece of Leesville's history.

Property profile
Verified
Property type Mixed-use properties
Year built 1922
Total area 9,870 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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