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Property profile & analytics
OFF-MARKET Estimated value $245,000
Commercial real estate

1011 Cooktown Rd Ruston, LA 71270-3113

3,164 SF 0.72 ac lot Built 2006
Trust Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US36-2251987
Property summary
AI-generated overview

This exceptional 3,164 square foot commercial property, situated on a 0.72-acre lot in Ruston, Louisiana, presents a unique investment opportunity. The building, previously a bank branch, is exceptionally well-maintained and boasts attractive landscaping. The property includes 14 parking spaces and three drive-thru lanes, making it ideal for a variety of uses. Its zoning allows for restaurant, retail, office, or medical operations; however, it cannot be used as a bank or insurance business. The location is highly desirable, with nearby businesses including Dillas, Smoothie King, Super 8 Hotel, Flying Burger, Take 5, and Chevron. Its proximity to Louisiana Tech University provides excellent access to a large student population and community. An additional approximately one-acre parcel of land adjacent to the property is also available for purchase, offering potential for expansion or development. This turnkey property is ready for immediate occupancy and offers significant potential for a savvy investor or business owner. The property address is 1011 Cooktown Rd, Ruston, LA 71270. The property is conveniently located in Lincoln Parish.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2006
Total area 3,164 SF
Lot 0.72 ac (31,363 SF)
APN 31012
UPID US36-2251987
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
Current use
Occupant on record · Public records
  • Origin Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$245k
Owner & transaction history
Community Trust Bank · 19 yrs held
Community Trust Bank
since 2006
1 recorded transaction
2006
$1.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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