0 Nwc Of Polk St & Myra St Mansfield, LA 71052
This exceptional 0.4-acre commercial lot, located at the northwest corner of Polk Street (US Hwy 84) and Myra Street in Mansfield, Louisiana, presents a remarkable opportunity. Zoned B-3 commercial, this generally level and cleared site boasts excellent visibility and accessibility due to its corner location on a heavily trafficked intersection. Polk Street, a four-lane highway, serves as Mansfield's main east-west artery, ensuring high traffic volume and exposure for any development. The property is conveniently situated eight blocks east of the DeSoto Parish Courthouse and US Hwy 171, and three blocks west of Brookshires Grocery Store and Mansfield Auto World GM Dealership. The lot size is approximately 17,595 square feet, and appears to be well-drained. This prime location in Mansfield, the parish seat of DeSoto Parish (population 27,136, including Mansfield), offers unparalleled potential for commercial or retail development. The property is priced at $80,000, reduced from $100,000, representing a significant value proposition. The asking price equates to $4.55 per square foot. Note that the land size is subject to survey and minerals are not included. APN: 0400609054. Mansfield, with a population of 4,700, is located 27 miles south of Shreveport, LA.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.