7827 La Hwy 1st S Addis, LA 70710-2300
This Addis, Louisiana commercial property, located at 7827 S La Hwy 1, presents a unique investment opportunity. Priced at $200,000, this 0.59-acre lot offers a building currently zoned C1, suitable for a variety of uses including retail or office space. While the existing structure requires updates, it remains usable in its current condition. Prospective buyers should be aware that a survey of the property is required prior to closing, and the proposed use must receive approval from the City of Addis. This condition ensures compliance with local regulations and allows for a smooth transition of ownership. The property's location on S La Hwy 1 offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the Addis market. The 0.59-acre lot provides ample space for potential expansion or future development, adding to the property's long-term value. Serious inquiries are encouraged to explore this promising commercial real estate venture. The property's potential is significant, making it an ideal investment for those seeking a project with upside potential. The flexible zoning and prime location combine to create a compelling opportunity in the thriving Addis commercial landscape. All necessary due diligence, including the required survey and city approvals, should be factored into the acquisition process.
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
Property description
Physical attributes from public recordsZoning & alternative use
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.