For Sale
$319,000

1610 Melrose StPineville, LA 71360

Prime Retail Investment: Two Tenants, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 4,236 square foot convenience store situated on a 0.62-acre lot in Pineville, Louisiana. Built in 1999, the property boasts two buildings and benefits from a C-1 zoning designation. Its strategic location on 1610 Melrose St, near Louisiana College (LCU), an apartment complex, and major commuter routes from Marksville, ensures high visibility and consistent traffic. The property currently houses two established, long-term tenants (businesses not included in the sale) who desire to remain after the sale, providing immediate and stable rental income. This translates to a secure investment with minimal vacancy risk. The asking price is $319,000. This turnkey operation offers a compelling opportunity for investors seeking a stable, high-traffic commercial property with existing tenants and strong potential for long-term growth and return on investment in a desirable Louisiana location. The property's prime location and established tenancy make it an attractive proposition for discerning investors. The property's zip code is 71360, and it is located in Rapides Parish.

Highlights

  • 4,236 SF convenience store on a 0.62-acre lot in Pineville, LA (71360).
  • Two buildings on the property, built in 1999, with C-1 zoning.
  • Prime location on Melrose St near Louisiana College and major commuter routes, ensuring high visibility and traffic.
  • Two long-term tenants in place, providing immediate rental income and minimal vacancy risk.
  • Asking price: $319,000.

Property Details for 1610 Melrose St

Property type
Retail properties, Self storage facilities
Square Feet
4,236 SF
Year Built
1999
Buildings
2
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Pineville
County
Rapides Parish
State
Louisiana
Latitude
31.3243303799
Longitude
-92.416452906541
1610 Melrose St, Pineville, Louisiana

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1610 Melrose St
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