106 Courthouse SqRayville, LA 71269

Property Details for 106 Courthouse Sq

Lot size

1.00 AC

Property type

Office properties

Property subtype

Office buildings

APN

220149390

APU

220149390

Description

This exceptional 2,400 square foot office building is ideally situated in the heart of Rayville, Louisiana, directly behind the courthouse. Its prime location offers excellent visibility and accessibility. The property boasts two separate utility meters, providing the flexibility to operate as two independent units, perfect for owner-occupancy and rental income generation. Each unit benefits from its own climate control system, ensuring optimal comfort year-round. Additional features include ample parking, double entry doors, and private bathrooms within each unit. The building's versatile layout presents numerous possibilities for a wide range of businesses. The substantial size and convenient location make this a rare opportunity in the Rayville market. This property offers a unique blend of functionality and convenience, making it an attractive investment for both established businesses and entrepreneurs seeking a well-maintained and strategically located space. The dual-unit setup allows for diverse operational strategies, maximizing potential returns. Don't miss this chance to acquire a highly desirable commercial property in a thriving community. Act quickly, as this opportunity is unlikely to remain available for long.

• CAP approach

  CAP return

  Valuation

  6%

  $6,920,955

  6.5%

  $6,388,574

  7%

  $5,932,247

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,322,796

  Geo Method

  $3,115,847

• Alternative Use

  Use

  Valuation

  Residential

  $7,921,832

  Hospitality

  $7,256,355

  Educational

  $6,037,202

  Medical

  $6,244,831

  Retail

  $9,391,204

Location Insight

City

Rayville

County

Richland

State

Louisiana

Latitude

32.4771

Longitude

-91.7601

Property Tax & Assessments

FAQs

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