224 Pecan Park Ave Alexandria, LA 71303-3308
This exceptional 19,624 square foot commercial building, situated on a 2.12-acre lot at 224 Pecan Park Avenue in Alexandria, Louisiana, presents a compelling investment opportunity. Priced at $3,500,000, the property enjoys a prime location within a thriving commercial and medical complex, offering excellent visibility and accessibility. Its strategic position across from established businesses like La Eye and Laser and RedRiver ENT ensures high traffic and exposure. The building is currently partially leased, with existing long-term tenants providing a stable stream of rental income from day one. Designed with medical practices in mind, the layout includes numerous exam rooms, dedicated equipment spaces, and well-appointed individual offices. A large, central waiting area facilitates efficient patient flow. However, the flexible design makes it suitable for a wide range of professional office uses, allowing for multiple businesses or practices to occupy the space. This presents a unique chance to acquire a substantial, income-generating property in a desirable location with significant potential for growth and expansion. The building's size and amenities make it an attractive option for a variety of professional uses. The substantial lot size also offers potential for future development or expansion.
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Robichaux Elizabeth Employment Agency
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ALAA H YOUNES Physician
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ALBERT CRAIG PEARCE Physician
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VIKRAM SINGH NIJJAR Physician
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JOSEPH WAYNE LANDRENEAU Physician
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.