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Property profile & analytics
OFF-MARKET
Commercial real estate

645 Railroad Ave Independence, LA 70443

1,800 SF 1 ac lot Built 1968
Entity Owned 4-yr Hold Free & Clear
Property ID
US36-1094109
Property summary
AI-generated overview

This exceptional 1,800 square foot commercial property is ideally situated on the bustling US Highway 51 (W. Railroad Avenue) in Independence, Louisiana. Its prime location offers unparalleled visibility and accessibility for businesses seeking a strong foothold in a thriving community. The building presents a versatile space suitable for a wide range of commercial uses, including office spaces, retail establishments, or a combination thereof. The ample square footage allows for flexible layouts to accommodate diverse business needs. The property's frontage on a major highway ensures high traffic volume, maximizing exposure to potential customers and clients. This presents a unique opportunity for businesses to establish a prominent presence in a high-traffic area with significant growth potential. The asking price of $160,000 represents a compelling investment opportunity in a desirable location. Serious inquiries are encouraged to explore the possibilities this property offers. The property sits on a lot with no acreage specified. This property is zoned for general commercial use. The building's interior is ready for immediate occupancy and customization to suit the needs of the new owner. Don't miss this chance to secure a valuable commercial asset in a prime location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1968
Total area 1,800 SF
Lot 1 ac (43,560 SF)
APN 879509
UPID US36-1094109
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
  • State Farm Insurance Insurance Agency
  • The Coin Man (Bike/Boat/Book/etc) Store
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
Lwp Enterprises LLC · 4 yrs held
Lwp Enterprises LLC
since 2022
Last sale
$75,000
1 recorded transaction
2022
$75,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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