2000 5Th StLeesville, LA 71446

Property Details for 2000 5Th St

Lot size

4.00 AC

Property type

Retail properties

Property subtype

Retail space

APN

011-125-5025

APU

111255025

Description

This exceptional 3.41-acre commercial land parcel is strategically located at 2000 South 5th Street in Leesville, Louisiana, 71446, within Vernon Parish. The property boasts a highly desirable location on a main thoroughfare, experiencing consistently high traffic volume. Its COMMERCIAL zoning permits a wide range of development opportunities, making it ideal for various commercial ventures. The asking price for this prime piece of real estate is $1,650,000. Situated in a thriving retail area, this lot enjoys close proximity to established businesses such as Burkes Outlet and NAPA Auto Parts, as well as other retail and restaurant establishments. This advantageous positioning ensures high visibility and accessibility for potential businesses. The property's size and location make it an excellent investment opportunity for developers seeking to establish a professional office, restaurant, or retail space in a high-demand area. This is a rare opportunity to acquire a significant commercial property in a prime location within Leesville's bustling commercial corridor. The property is privately owned.

• CAP approach

  CAP return

  Valuation

  6%

  $70,410,304

  6.5%

  $64,994,128

  7%

  $60,351,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $82,934,208

  Geo Method

  $131,457,600

• Alternative Use

  Use

  Valuation

  Residential

  $54,824,980

  Hospitality

  $50,219,384

  Educational

  $41,781,940

  Medical

  $43,218,884

  Retail

  $64,994,128

Location Insight

City

Leesville

County

Vernon

State

Louisiana

Latitude

31.1218

Longitude

-93.2695

CBSA code

22860

CBSA name

FORT POLK SOUTH, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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