5215 Macarthur DrAlexandria, LA 71302

Property Details for 5215 Macarthur Dr

Lot size

6.01 AC

Property type

Office properties

Property subtype

Office buildings

APN

23-041-09855-0005

APU

23041098550005

Description

This exceptional 6.01-acre commercial land parcel, located at 5215 S MacArthur Dr, Alexandria, LA 71302 (Rapides Parish), presents a unique redevelopment opportunity. Previously a successful truck stop and Southwest Station, this property boasts a prime location at the intersection of S MacArthur Drive (Hwy 71S) and Sugarhouse Road (LA 3250), ensuring high visibility and significant traffic counts. The site's history as a thriving transportation hub makes it ideal for a variety of commercial ventures. Potential uses could include a hotel, a welcome center, or another convenience-oriented business catering to travelers. The property is zoned for commercial use and is privately owned. Existing infrastructure includes tanks that undergo annual certification, meeting all relevant safety standards. This vacant land offers a blank canvas for an entrepreneur with a vision to capitalize on its strategic location and rich history of serving the traveling public. The asking price for this significant commercial land parcel is $595,000. This is a rare chance to acquire a well-positioned property with substantial redevelopment potential in a high-traffic area of Alexandria, Louisiana.

• CAP approach

  CAP return

  Valuation

  6%

  $35,921,656

  6.5%

  $33,158,452

  7%

  $30,789,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,447,952

  Geo Method

  $78,379,104

• Alternative Use

  Use

  Valuation

  Residential

  $41,116,480

  Hospitality

  $37,662,476

  Educational

  $31,334,736

  Medical

  $32,412,386

  Retail

  $48,742,924

Location Insight

City

Alexandria

County

Rapides

State

Louisiana

Latitude

31.2541

Longitude

-92.4382

CBSA code

10780

CBSA name

ALEXANDRIA, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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