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Property profile & analytics
OFF-MARKET
Retail space

200 3rd St Leesville, LA 71446-4310

Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US36-1540572
Property summary
AI-generated overview

The National Hotel, a three-story landmark located at 200 S 3rd St, Leesville, LA 71446, presents a unique investment opportunity. This historically significant building, formerly known as the Old Eissman building, boasts stunning architecture and is listed on the Historic Registry. Currently offered at $629,900, the property presents a blank canvas for a creative entrepreneur. Its prime location in Vernon Parish offers significant potential for redevelopment. The building's substantial size and character provide the foundation for a variety of exciting projects. Imagine transforming this iconic hotel into luxurious lofts, modern apartments, or a revitalized hospitality establishment. The possibilities are endless, allowing for the creation of a unique and profitable venture that honors the building's rich history while embracing contemporary design and functionality. The property's three-story structure and prominent location on 3rd Street offer exceptional visibility and accessibility. This is a rare chance to acquire a piece of Louisiana history and shape its future. The property's historical significance and prime location in Leesville, Louisiana, make it an attractive investment for those seeking a high-impact project with significant potential for return.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
APN 011-146-3325
UPID US36-1540572
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
  • Vernon Council On Aging, Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Karen E Klein · 3 yrs held
Karen E Klein
since 2022
Last sale
$95,000
1 recorded transaction
2022
$95,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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