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Property profile & analytics
OFF-MARKET
Commercial real estate

12114 La Hwy 416 Lakeland, LA 70752-3101

Individually Owned Absentee Owner Free & Clear
Property ID
US36-1958606
Property summary
AI-generated overview

This exceptional 1.7-acre commercial property in Lakeland, Louisiana, presents a remarkable business opportunity. The expansive lot houses a versatile complex totaling 12,800 square feet of usable space, perfectly suited for a variety of commercial ventures. The main building, a substantial 2,400 square foot structure, previously served as a hardware store, offering ample space for retail or office use. Its layout and existing infrastructure provide a solid foundation for a new business. In addition to the main building, the property includes two sizable warehouses, totaling 9,500 square feet. These warehouses were previously utilized as a mechanic and tire shop and for storage, showcasing their adaptability to diverse operational needs. The existing infrastructure offers significant cost savings for potential buyers, eliminating the need for extensive renovations or new construction. The property's location in Lakeland provides convenient access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a substantial commercial property with significant existing structures at an attractive price point. The property's size and versatility make it an ideal investment for entrepreneurs seeking to establish a new business or expand an existing one. The potential for diverse uses and the significant existing building space make this a truly unique opportunity. The asking price is $199,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 00501210A
UPID US36-1958606
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
TERRI LANDRY ROPPOLO
TERRI LANDRY ROPPOLO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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