720 Alexander AveGonzales, LA 70737
- Office properties
- 1.00 AC
Property Details for 720 Alexander Ave
- Lot size
- 1.00 AC
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 2967200
- APU
- 2967200
Description
This exceptional Gonzales, Louisiana office building presents a unique investment opportunity. Priced at $322,000, this single-story, 2,040 square foot building is situated on a 0.28-acre lot and features 12 parking spaces. Built in 1985, the property is classified as Class B and boasts a modified lease type. The building is currently vacant and offers a flexible layout suitable for various professional uses, including traditional, executive, or creative office spaces. The interior includes five individual offices, a kitchenette, and a bathroom. The property's zoning is B-1, and it's conveniently located in the heart of Gonzales, just one block from Burnside Avenue, ensuring high visibility and accessibility. An additional benefit is the inclusion of a vacant 0.14-acre lot behind the main building, offering potential for expansion or future development. The property is located in Flood Zone X. This owner-user investment opportunity is perfect for businesses seeking a well-located, adaptable workspace in a thriving community. The asking price of $322,000 translates to $158.31 per square foot.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,115,345
- 6.5%
- $5,644,934
- 7%
- $5,241,724
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,322,796
- Geo Method
- $3,096,680
-
Alternative Use
- Use
- Valuation
- Residential
- $6,999,718
- Hospitality
- $6,411,704
- Educational
- $5,334,462
- Medical
- $5,517,923
- Retail
- $8,298,053
Location Insight
- City
- Gonzales
- County
- Ascension
- State
- Louisiana
- Latitude
- 30.238
- Longitude
- -90.9196
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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