410 Madison Ave Bastrop, LA 71220-3760
This 2,871 square foot commercial property, located at 410 E Madison Avenue in Bastrop, Louisiana (zip code 71220), presents a fantastic opportunity. Situated on a corner lot, this office or mixed-use building underwent extensive renovations in 2022. Improvements include a new roof (installed in 2021), two new HVAC units, updated windows, new flooring, and modern light fixtures with remote controls. Both bathrooms have been fully remodeled, featuring new vanities and fresh paint throughout the building. The kitchen boasts ample counter space and updated appliances. The spacious rooms easily accommodate 5-6 office spaces, or could be configured as a main and secondary reception area. A wheelchair ramp ensures convenient access. Abundant built-in storage is available throughout the property. This turnkey property is ready for immediate occupancy and offers a blend of functionality and modern amenities. The asking price is $135,000.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.