1220 Rapides Ave, Alexandria, LA 71301-7201
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
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.