2421 Mill StRinggold, LA 71068

Property Details for 2421 Mill St

Lot size

0.47 AC

Property type

Commercial real estate

APN

450031695

APU

450031695

Description

This exceptional 4,000 square foot commercial property, situated on a 0.51-acre lot in the heart of Ringgold, Louisiana, presents a remarkable business opportunity. Located next to the Bank of Montgomery, its prime downtown location ensures high visibility and accessibility. The free-standing building offers a versatile layout, perfect for a variety of uses. The front section features a spacious, open area ideal for retail or office space, complemented by two private offices, a kitchenette, and a full bathroom. The rear of the building is configured as a mini-warehouse, providing ample storage or workshop space – perfect for light manufacturing, vehicle repair, or storage needs. The property boasts a durable metal roof and has recently undergone significant improvements, including fresh paint, new flooring, and updated fixtures. This move-in ready space is a blank canvas, ready for your vision and entrepreneurial spirit. The asking price reflects a compelling investment opportunity in a thriving downtown location. The property's size, location, and recent renovations make it an attractive proposition for a wide range of businesses seeking a well-maintained and adaptable space. This is a rare chance to acquire a substantial commercial property in a desirable location at an attractive price. Don't miss this chance to establish your business in the heart of Ringgold.

• CAP approach

  CAP return

  Valuation

  6%

  $3,698,860

  6.5%

  $3,414,330

  7%

  $3,170,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,879,210

  Geo Method

  $1,469,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,721,160

  Retail / Commercial

  $3,446,750

  Mixed-Use / Specialty

  $3,434,600

  Hospitality / Lodging

  $2,520,030

  Office

  $3,414,330

  Institutional / Educational

  $3,570,640

  Residential Income

  $4,177,650

  Multifamily

  $5,009,700

  Automotive / Energy

  $3,060,550

  Parking / Income-Based Land

  $1,056,030

  Restaurant / Food Service

  $1,786,650

  Healthcare / Senior Housing

  $3,521,980

Location Insight

City

Ringgold

County

Bienville

State

Louisiana

Latitude

32.3291

Longitude

-93.284

Property Tax & Assessments

FAQs

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