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    OFF-MARKET
    Commercial land

    621 Georgia Ave, Ruston, LA 71270-3930

    1.27 ac lot
    Individually Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US36-2280147
    Property summary
    AI-generated overview

    This exceptional 1.27-acre commercial lot presents a rare opportunity in the thriving Ruston, LA market. Located at 621 E Georgia Avenue, this property boasts unparalleled visibility and accessibility due to its road frontage on three sides. Its prime location places it within a well-established commercial district, surrounded by successful businesses, ensuring high traffic and excellent exposure for any development. The expansive, flat terrain simplifies construction and offers significant flexibility for a variety of commercial uses, making it ideal for a new building or expansion project. The substantial size of the lot allows for ample parking and potential for multiple buildings or a large-scale development. This is a unique chance to acquire a highly desirable commercial property in a rapidly growing area. The asking price of $350,000 reflects the exceptional value and potential of this strategically located lot. Don't miss this opportunity to secure a prominent position in the heart of Ruston's commercial landscape. Serious inquiries are encouraged. The property is zoned for mixed-use development, offering a wide range of possibilities for future endeavors. Its flat topography minimizes site preparation costs and streamlines the development process. This location offers easy access to major transportation routes, ensuring convenient access for customers and employees. The surrounding businesses create a synergistic environment, fostering growth and attracting a diverse clientele.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.27 ac (55,321 SF)
    APN 6412
    UPID US36-2280147
    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
    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
    Marc May · 5 yrs held
    Marc May
    since 2021
    Last sale
    $310,000
    1 recorded transaction
    2021
    $310,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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