1749 Pitkin RdLeesville, LA 71446

  • Retail properties
  • 500 SF
For Sale
$349,900 View listing

Property Details for 1749 Pitkin Rd

Lot size
4.00 AC
Property size (Sq ft)
500 SF
Property type
Retail properties
Property subtype
Retail space
APN
040-558-0634
APU
405580634

Description

This exceptional investment opportunity presents a 16,800 square foot shopping center strategically located at 1749 Pitkin Road Unit 1749, Leesville, LA. Known as "The Sandy Hill Mall," this property boasts seven rentable spaces situated on approximately four acres of land. Currently, five of the seven spaces are leased, generating a substantial and verifiable income stream (available upon request). The seller is highly motivated and has priced the property aggressively to facilitate a quick sale. This presents a rare chance to acquire a highly visible corner property in a thriving retail area, just moments away from one of the nation's largest military installations. The property's location ensures a consistent flow of customers and offers significant potential for future growth and increased profitability. The asking price reflects a remarkable value for an established, income-producing shopping center in a prime location. This is an ideal investment for those seeking a strong return on investment in a stable and high-demand market. The property's current income, along with the potential for further lease agreements and rental increases, makes this a compelling opportunity for savvy investors. Serious inquiries are encouraged to explore this exceptional investment opportunity further. Financial details regarding current income are available upon request with a signed confidentiality agreement.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $202,050
    6.5%
    $186,507
    7%
    $173,186
  • Comparable approach

    Method
    Valuation
    Relative Method
    $237,988
    Geo Method
    $377,231
  • Alternative Use

    Use
    Valuation
    Residential
    $157,326
    Hospitality
    $144,110
    Educational
    $119,898
    Medical
    $124,021
    Retail
    $186,507
1749 Pitkin Rd, Leesville, Louisiana

Location Insight

City
Leesville
County
Vernon
State
Louisiana
Latitude
31.0295
Longitude
-93.2194
CBSA code
22860
CBSA name
FORT POLK SOUTH, LA MICROPOLITAN 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
$1,360
$1,820
$9,500
$11,320
-
$18,200
$63,333
$81,533

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