12114 La Hwy 416 Lakeland, LA 70752-3101
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.