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    OFF-MARKET
    Commercial land

    1220 Rapides Ave, Alexandria, LA 71301-7201

    Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US36-1668164
    Property summary
    AI-generated overview

    This exceptional Alexandria, LA property, located near I-49, presents a unique live-work opportunity spanning 4,215 square feet on a 0.36-acre lot. The property is currently configured as an event center, complete with existing equipment and furnishings (available for inclusion in the sale). The main commercial area comprises two units: a 1,260 sq. ft. space previously used as a grocery store, ideal for retail or other commercial ventures, and a 574 sq. ft. unit with a separate entrance, perfect for an office or additional business. A substantial 1,898 sq. ft. residential area features four bedrooms, two full bathrooms, a kitchen/breakfast area, and an office/living room, offering ample living space or additional workspace. A 484 sq. ft. attached garage/storage area provides convenient extra space. Both the commercial and residential sections have independent HVAC systems with individual thermostats. Recent upgrades include a new 200-amp breaker panel, water heater, wood privacy fence, and complete PEX plumbing and HVAC replacement. The property is zoned B3

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    APN 24-039-09560-0123
    UPID US36-1668164
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bethel Msny Baptist Chr Of Alexandr · 1 yrs held
    Bethel Msny Baptist Chr Of Alexandr
    since 2025
    Last sale
    $152,000
    3 recorded transactions
    2025
    $152,000
    2021
    2015
    $7,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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