3900 University PkwyNatchitoches, LA 71457

  • Other commercial real estate
  • 0.69 AC
For Sale
$775,000 View listing

Property Details for 3900 University Pkwy

Lot size
0.69 AC
Property type
Other commercial real estate
APN
11211410
APU
11211410

Description

This exceptional 6,968 square foot retail property, situated on a 0.695-acre lot (30,274 sq ft), presents a unique investment opportunity. Currently featuring a single tenant, 3,996 square feet are available. The building boasts a prime location on University Parkway, directly adjacent to a grocery-anchored center including Super 1 Foods, Walgreens, First Federal Bank, and Zippy's. Its strategic placement offers high visibility and accessibility, benefiting from its proximity to Northwestern State University (11,000 students) and a 120-unit multifamily complex. The property's existing tenant operates a quick-service restaurant with a drive-thru. The property is located in Natchitoches Parish. Please note that use restrictions apply, prohibiting businesses such as bakeries, delis, establishments selling alcoholic beverages, pharmacies, medical/dental practices, car washes, auto repair shops, gyms, and health spas. Detailed use restrictions are available upon request. This is a single-story building offering significant potential for a variety of commercial uses within the permitted guidelines. The property's size and location make it an ideal investment for both established businesses and new ventures seeking a high-traffic location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,525,777
    Hospitality
    $8,725,561
    Educational
    $7,259,564
    Medical
    $7,509,232
    Retail
    $11,292,655
3900 University Pkwy, Natchitoches, Louisiana

Location Insight

City
Natchitoches
County
Natchitoches
State
Louisiana
Latitude
31.7532
Longitude
-93.1065
CBSA code
35060
CBSA name
NATCHITOCHES, 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
$10,749
$43,700
$69,160
$112,860
-
$437,000
$461,067
$898,067

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