1103 Ee Wallace BlvdFerriday, LA 71334

Property Details for 1103 Ee Wallace Blvd

Lot size

0.70 AC

Property type

Medical offices

Property subtype

Medical centers

APN

210009800

APU

210009800

Description

This exceptional commercial property, located at 1103 EE Wallace Boulevard in Ferriday, Louisiana, presents a unique investment opportunity. Boasting 3,000 square feet of space situated on a half-acre lot, this building offers significant visibility with 100 feet of frontage on EE Wallace Boulevard. The property's commercial zoning allows for a wide range of uses, making it an ideal choice for various businesses. Ample parking is available, ensuring convenient access for customers and employees. The building's layout includes a reception area, multiple offices, a showroom, and a sizable chapel area, providing flexibility for diverse needs. Access is convenient, with two entrances from different streets. The versatile design makes this property suitable for a variety of uses, including, but not limited to, a place of worship, medical offices, or a youth center. The combination of high visibility, ample parking, and flexible space makes this a truly exceptional commercial property in a prime Ferriday location. The asking price is $350,000. This is a rare opportunity to acquire a well-positioned commercial building with significant potential. Don't miss out on this chance to secure a valuable asset in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,181,136

  6.5%

  $3,859,510

  7%

  $3,583,831

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,325,957

  Geo Method

  $7,741,354

• Alternative Use

  Use

  Valuation

  Residential

  $4,785,793

  Hospitality

  $4,383,761

  Educational

  $3,647,238

  Medical

  $3,772,672

  Retail

  $5,673,480

Location Insight

City

Ferriday

County

Concordia

State

Louisiana

Latitude

31.6406

Longitude

-91.5538

CBSA code

35020

CBSA name

NATCHEZ, MS-LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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