1749 Pitkin RdLeesville, LA 71446
- Retail space
- 500 SF
Property Details for 1749 Pitkin Rd
- Lot size
- 4.00 AC
- Property size (Sq ft)
- 500 SF
- Property type
- 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%
- $160,042
- 6.5%
- $147,731
- 7%
- $137,179
-
Comparable approach
- Method
- Valuation
- Relative Method
- $98,217.40
- Geo Method
- $155,683
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $291,173
- Mixed-Use / Specialty
- $145,958
- Hospitality / Lodging
- $105,462
- Office
- $143,793
- Institutional / Educational
- $151,292
- Residential Income
- $177,011
- Multifamily
- $219,207
- Automotive / Energy
- $129,679
- Parking / Income-Based Land
- $45,981.80
- Restaurant / Food Service
- $73,254
- Healthcare / Senior Housing
- $150,955
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
Comparable in this City
Similar Nearby for Sale
FAQs
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