711 Vienna StRuston, LA 71270

This exceptional investment opportunity presents a 2-acre (approximately 1.8 to 2 acres) mixed-use property located at 711 S Vienna St, Ruston, LA 71270. The main site features a four-story, 22,962 square foot building, originally constructed in 1928 and renovated in 1976. This building, previously utilized as a hospital and later as a biomedical engineering center for Louisiana Tech University, offers significant redevelopment potential. The property includes 35 parking spaces, two driveways, sidewalks, and a 2,020 square foot metal storage building. The main building's floor plan comprises 8,514 square feet on the first floor, 6,312 square feet each on the second and third floors, and 1,804 square feet on the fourth floor. The net rentable area is 23,105 square feet, with an asking price of $425,000 ($18.39 per square foot). Currently vacant, the property is zoned CPS - Central Parkway Sports, encouraging quality commercial development. An additional 1.87 acres of unimproved land is available for separate purchase at $250,000. The property boasts convenient access to major roadways and is situated within a rapidly growing area of Lincoln Parish, Louisiana, experiencing significant population growth and increased real estate values. Utilities include power, water, sewer, natural gas, and telephone services. There are no known environmental issues, ground leases, encroachments, or negative easements. This property is an ideal candidate for redevelopment, leveraging the potential of Opportunity Zone financial incentives, including federal/state tax credits, construction cost tax reimbursements, and a 10-year property tax exemption post-project completion. Neighborhood boundaries are defined by the railroad to the north, Highway 3061 to the south, S Farmerville St to the east, and Tech Drive (Cooktown Road) to the west. The area features a mix of commercial and residential properties, including educational buildings, multi-family residences, and retail stores. The nearby Ruston Sports Complex, a state-of-the-art facility, further enhances the area's appeal.