715 California AveRuston, LA 71270

Property Details for 715 California Ave

Year built

2000

Lot size

0.69 AC

Property size (Sq ft)

5,400 SF

Property type

Office properties

Property subtype

Other office properties

APN

205

APU

205

Description

This exceptional 2,400 square foot mixed-use property, situated at 715 W California Avenue in Ruston, Louisiana, presents a compelling investment opportunity. Located directly across from the Louisiana Tech University campus, this property boasts a highly desirable location with excellent visibility and foot traffic. The 0.69-acre lot provides ample space for various uses, making it ideal for retail businesses, restaurants, or other commercial ventures seeking proximity to a large student population and a vibrant community. The interior has recently undergone renovations, including the installation of new flooring and a fresh coat of paint, ensuring a move-in ready condition for immediate occupancy. A key advantage is the building's high-density internet connectivity, catering to the needs of modern businesses requiring robust online infrastructure. This property offers a unique blend of convenience, accessibility, and modern amenities, making it an attractive proposition for discerning investors seeking a strong return on investment in a thriving college town setting. The property's strategic location and recent upgrades position it for immediate success, presenting a rare opportunity to acquire a well-maintained and highly functional commercial space in a prime Ruston location. The asking price is $2500.

• CAP approach

  CAP return

  Valuation

  6%

  $858,092

  6.5%

  $792,085

  7%

  $735,507

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,019,950

  Geo Method

  $386,262

• Alternative Use

  Use

  Valuation

  Residential

  $982,185

  Hospitality

  $899,676

  Educational

  $748,520

  Medical

  $774,263

  Retail

  $1,164,364

Location Insight

City

Ruston

County

Lincoln

State

Louisiana

Latitude

32.72

Longitude

-92.6569

CBSA code

40820

CBSA name

RUSTON, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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