1884 1st St Jena, LA 71342-4094
This exceptional 1,468 square foot commercial property, situated on a spacious 0.7-acre lot in Jena, Louisiana, presents a remarkable investment opportunity. Currently configured as a daycare, this adaptable building boasts a rich history of successful uses, including office space and a thriving takeout restaurant. Its versatile layout offers a multitude of possibilities for future endeavors. The interior features a sizable common area, perfect for a living space or reception area, along with three separate rooms suitable for bedrooms or offices. Two half-bathrooms provide convenient facilities. A walk-in storage closet offers ample storage space, and a fully functional commercial kitchen remains ready for immediate use. The property's accessibility is enhanced by three separate driveways, providing easy access from both S. First Street (Highway 127) and W. Tennessee Street. With its prime location and flexible design, this property is ideally suited for a wide range of commercial or residential uses, making it an exceptional investment prospect with significant upside potential. The asking price is $129,000.
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
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.