3220 Macarthur DrAlexandria, LA 71301

Property Details for 3220 Macarthur Dr

Lot size

2.00 AC

Property type

Office properties

APN

23-047-33034-0003

APU

23047330340003

Description

This exceptional commercial property, situated at 3220 MacArthur Drive in Alexandria, Louisiana, presents a remarkable opportunity. The property boasts a prime location at a major four-way intersection of South MacArthur Drive and Sterkx Road, ensuring unparalleled visibility and accessibility. The site encompasses 5.3 acres of land and includes a substantial main building and showroom totaling 8,000 square feet, a 10,500 square-foot service facility, a 4,000 square-foot building, and a 4,500 square-foot metal shop. The property also features approximately 3 acres of concrete parking, ideal for inventory and service operations. Additional undeveloped land at the rear of the property offers significant potential for future expansion. The surrounding area is characterized by a thriving commercial environment, with nearby establishments including Walk-Ons Sports Bar and Grill, Johnny Carino's, Outback Steakhouse, Whataburger, Popeyes, Burger King, McDonald's, and Academy Sports + Outdoors. This location offers a significant cost advantage compared to new construction, making it an attractive option for businesses seeking a ready-to-occupy space. The total building square footage is 97,888 square feet. The property is currently available for purchase at $1,995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $11,953,751

  6.5%

  $11,034,232

  7%

  $10,246,073

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,455,200

  Geo Method

  $26,082,856

• Alternative Use

  Use

  Valuation

  Residential

  $13,682,448

  Hospitality

  $12,533,049

  Educational

  $10,427,349

  Medical

  $10,785,962

  Retail

  $16,220,321

Location Insight

City

Alexandria

County

Rapides

State

Louisiana

Latitude

31.2647

Longitude

-92.4545

CBSA code

10780

CBSA name

ALEXANDRIA, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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