3401 Masonic DrAlexandria, LA 71301
- Office properties
- 10.00 AC
For Sale
Property Details for 3401 Masonic Dr
- Lot size
- 10.00 AC
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 24-052-34167-0002
- APU
- 24052341670002
Description
This exceptional 103,287 square foot retail storefront, built in 1973 and renovated the same year, presents a unique investment opportunity in Alexandria, Louisiana. Located at 3401 Masonic Dr, 71301, this single-building property sits on a prominent 10-acre lot at the hard corner of Masonic Drive and Memorial Drive, offering unparalleled visibility and accessibility. The property's strategic location within the Alexandria Mall complex benefits from the mall's high foot traffic
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $59,770,444
- 6.5%
- $55,172,720
- 7%
- $51,231,812
-
Comparable approach
- Method
- Valuation
- Relative Method
- $82,276,000
- Geo Method
- $130,414,280
-
Alternative Use
- Use
- Valuation
- Residential
- $68,414,168
- Hospitality
- $62,667,012
- Educational
- $52,138,220
- Medical
- $53,931,332
- Retail
- $81,103,896
3401 Masonic Dr, Alexandria, Louisiana
Location Insight
- City
- Alexandria
- County
- Rapides
- State
- Louisiana
- Latitude
- 31.2796
- Longitude
- -92.462
- CBSA code
- 10780
- CBSA name
- ALEXANDRIA, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,437
$218,000
$165,000
$383,000
-
$2,180,000
$1,100,000
$3,280,000
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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