1900 Rapides Ave Alexandria, LA 71301-7213
This exceptional 2,230 square foot commercial property located at 1900 Rapides Avenue in Alexandria, Louisiana, presents a unique investment opportunity. Situated on a 0.25-acre lot, the property boasts a rich history as the well-known "Miss Lillie's Antiques." The building's charming character is evident in its beautiful wooden floors and windows, creating a unique and inviting atmosphere perfect for a variety of commercial uses. The current configuration offers a seamless blend of living and working spaces, ideal for an owner-operator. The building's design allows for both retail space and residential quarters under the same roof, providing convenience and efficiency. Adding to its appeal is an additional rental property on the site, offering further income potential and flexibility. This property is priced at $79,000 and presents significant potential for restoration and revitalization, allowing a new owner to capitalize on its prime location and historical significance. The existing structure provides a solid foundation for a variety of commercial ventures, from retail to office space, or even a continuation of its antique shop legacy. The combination of residential and commercial space, along with the additional rental unit, makes this a truly versatile and attractive investment. The property's location in Alexandria offers easy access to local amenities and a thriving community. This is a rare chance to acquire a landmark property with substantial upside potential.
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
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.