808 Riverside Dr Franklinton, LA 70438
- Commercial real estate
- 0.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 808 Riverside Dr
- Lot size
- 0.17 lot acres
- Property type
- Commercial real estate
- APN
- 330142110
- APU
- 330142110
Description
This exceptional investment opportunity in Franklinton, LA, presents two commercial buildings totaling 3,596 square feet situated on a 0.17-acre lot. The property comprises a 2,100 square foot retail building at 808 Riverside Drive and a 1,265 square foot medical office building at 810 Riverside Drive. The retail space features an open floor plan ideal for various retail uses, complemented by a restroom, break area, rear storage, and a 150 square foot front porch. The medical office building offers a reception/waiting area, storage room, small lab, three exam rooms, a private office, and two half bathrooms, along with an 81 square foot front porch. Both buildings have recently undergone significant improvements, including professional exterior painting and new flooring throughout the medical office building. These upgrades ensure the property is in excellent condition and ready for immediate occupancy. The property's location within a preferred flood zone and its proximity to a local hospital add significant value and appeal. This is a rare opportunity to acquire a well-maintained, dual-purpose commercial property in a desirable location, presenting strong potential for rental income or owner-occupancy. The asking price is $315,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $220,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $290,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $325,000
- Retail
- $255,000
- Mixed-Use
- $330,000
- Hospitality
- $310,000
- Educational
- $265,000
- Residential Income
- $320,000
- Energy
- $245,000
- Income-Based Land
- $280,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Franklinton
- County
- Washington
- State
- Louisiana
- Longitude
- -90.1524
- Latitude
- 30.8332
- CBSA code
- 14220
- CBSA name
- BOGALUSA, LA MICROPOLITAN STATISTICAL AREA