1905 5Th StLeesville, LA 71446

Property Details for 1905 5Th St

Lot size

1.00 AC

Property type

Retail properties

Property subtype

Retail space

APN

011-102-2035

APU

111022035

Description

This exceptional commercial property, situated at 1905 S 5th Street Unit 1905 in Leesville, Louisiana, presents a compelling investment opportunity. The 1,200 square foot building sits on a 0.2-acre lot, strategically located on Highway 171, between established businesses Morris Tire and O'Reilly Auto Parts. This prime location within the bustling Leesville business district ensures high visibility and significant foot traffic, making it ideal for a variety of small businesses. The property's accessibility and prominent positioning offer unparalleled exposure to potential customers. The building itself provides ample space for a range of commercial ventures, allowing for customization to suit specific business needs. All measurements are approximate. This is a rare opportunity to acquire a well-situated commercial property in a thriving area with high traffic counts, offering excellent potential for growth and return on investment. The asking price for this unique property is $180,000. Don't miss out on this chance to establish your business in a highly visible and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $17,602,576

  6.5%

  $16,248,532

  7%

  $15,087,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,733,552

  Geo Method

  $32,864,400

• Alternative Use

  Use

  Valuation

  Residential

  $13,706,245

  Hospitality

  $12,554,846

  Educational

  $10,445,485

  Medical

  $10,804,721

  Retail

  $16,248,532

Location Insight

City

Leesville

County

Vernon

State

Louisiana

Latitude

31.1226

Longitude

-93.2681

CBSA code

22860

CBSA name

FORT POLK SOUTH, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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