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Property profile & analytics
FOR SALE
Office Spaces

1701 Lee St Alexandria, LA 71301

Entity Owned 18-yr Hold
Property ID
US36-1078693
Property summary
AI-generated overview

This exceptional commercial property, located at 1701 LEE Street in Alexandria, Louisiana, presents a compelling investment opportunity. Situated on a 0.53-acre lot, this established gas station enjoys a prime location just minutes from I-49 and close to downtown Alexandria, ensuring high visibility and consistent traffic flow. The property boasts a substantial 1,686 square feet of building space, including a fully equipped kitchen, adding to its versatility and potential revenue streams. The gas station features eight fuel pumps, providing ample service capacity for a large volume of customers. The property also includes a generous parking area, enhancing customer convenience and accessibility. This turnkey operation is being sold "as is," with the seller making no repairs. The asking price is $350,000. This presents a rare chance to acquire a well-established business in a high-demand location with significant growth potential. The property's strategic location, coupled with its existing infrastructure and operational capabilities, makes it an ideal investment for experienced entrepreneurs seeking a profitable venture in a thriving market. Serious inquiries are encouraged to explore this exceptional opportunity further. All information provided is deemed reliable but not guaranteed and should be independently verified.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
APN 24-007-08630-0027
UPID US36-1078693
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
  • ATM Auto Repair Shop
  • HMOUD MART INC. FOOD MART Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k
Owner & transaction history
First American Oil Company · 18 yrs held
First American Oil Company
since 2007
4 recorded transactions
2007
Price N/A
2007
$1,516
2006
$1,512
2005
$290,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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