808 Riverside DrFranklinton, LA 70438

  • Other commercial real estate
  • 0.17 AC
For Sale
$315,000 View listing

Property Details for 808 Riverside Dr

Lot size
0.17 AC
Property type
Other commercial real estate
APN
330142110
APU
330142110

Description

This exceptional investment opportunity in Franklinton, LA, presents two commercial buildings totaling 3,596 square feet situated on a 0.17-acre lot. The property comprises a 2,100 square foot retail building at 808 Riverside Drive and a 1,265 square foot medical office building at 810 Riverside Drive. The retail space features an open floor plan ideal for various retail uses, complemented by a restroom, break area, rear storage, and a 150 square foot front porch. The medical office building offers a reception/waiting area, storage room, small lab, three exam rooms, a private office, and two half bathrooms, along with an 81 square foot front porch. Both buildings have recently undergone significant improvements, including professional exterior painting and new flooring throughout the medical office building. These upgrades ensure the property is in excellent condition and ready for immediate occupancy. The property's location within a preferred flood zone and its proximity to a local hospital add significant value and appeal. This is a rare opportunity to acquire a well-maintained, dual-purpose commercial property in a desirable location, presenting strong potential for rental income or owner-occupancy. The asking price is $315,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,201,542
    Hospitality
    $1,100,606
    Educational
    $915,691
    Medical
    $947,183
    Retail
    $1,424,409
808 Riverside Dr, Franklinton, Louisiana

Location Insight

City
Franklinton
County
Washington
State
Louisiana
Latitude
30.8332
Longitude
-90.1524
CBSA code
14220
CBSA name
BOGALUSA, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,007
$1,000
$37,870
$38,870
-
$10,000
$252,467
$262,467

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