2800 Macarthur DrAlexandria, LA 71301

Property Details for 2800 Macarthur Dr

Lot size

14.00 AC

Property type

Office properties

APN

23-023-06535-0001

APU

23023065350001

Description

This exceptional 3.09-acre commercial land parcel presents a remarkable development opportunity in the thriving city of Alexandria, Louisiana. Located at 2800 S MacArthur Dr, this property boasts a highly desirable location, surrounded by a mix of hotels, restaurants, and retail establishments, ensuring high visibility and accessibility. The site is easily accessible via a traffic signal at S MacArthur Drive, providing convenient ingress and egress for potential businesses and customers. An existing 100-space parking lot is already in place, eliminating the need for significant upfront infrastructure investment. The property is being offered for sale by owner at $2,100,000, representing a compelling investment opportunity for developers seeking to capitalize on Alexandria's robust commercial market. The vacant land allows for a wide range of development possibilities, from hotels and restaurants to retail spaces and other commercial ventures. This prime location and existing infrastructure make this a truly exceptional opportunity to build a successful and profitable business. Don't miss out on this chance to acquire a significant piece of Alexandria's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $83,680,928

  6.5%

  $77,243,928

  7%

  $71,726,512

• Comparable approach

  Method

  Valuation

  Relative Method

  $115,186,400

  Geo Method

  $182,580,000

• Alternative Use

  Use

  Valuation

  Residential

  $95,782,472

  Hospitality

  $87,736,232

  Educational

  $72,995,512

  Medical

  $75,505,944

  Retail

  $113,548,576

Location Insight

City

Alexandria

County

Rapides

State

Louisiana

Latitude

31.2655

Longitude

-92.4606

CBSA code

10780

CBSA name

ALEXANDRIA, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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