200 1st St Amite, LA 70422-2404
This exceptional commercial property, priced at $250,000, presents a unique investment opportunity in the heart of Amite, Louisiana. Situated on a 1.3-acre lot at 200 and 202 North First Street, this property boasts an unparalleled location, just four blocks from the Amite City courthouse and other government buildings, ensuring high visibility and accessibility. Its proximity to Hood Memorial Hospital, only three blocks away, further enhances its strategic value. The property's convenient location, one block from US Highway 51, guarantees excellent exposure to a high volume of daily traffic. This prime location places the property within easy reach of essential amenities, including banks, restaurants, and the post office, catering to a diverse clientele. The property's central location within the downtown area offers significant potential for a variety of commercial ventures, benefiting from the established infrastructure and high foot traffic of the city center. The substantial lot size provides ample space for development or expansion, making it an ideal investment for both established businesses and new ventures seeking a prominent presence in Amite. The property's strategic positioning and accessibility make it a highly desirable location for a wide range of commercial uses. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property.
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.