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$ 3,200,000
Est. payment /mo
Active
1201 3RD ST Alexandria, LA 71301
1.08 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2520129
HOA Y/N No
Year Built 1983
Lot Size 1.080 Acres
Acres 1.08
Property Description
10% CAP RATE *** OPPORTUNITY ZONE *** FULLY LEASED *** Discover a rare opportunity to acquire a fully leased, beautifully renovated Class A multi-tenant office building located in the heart of Historic Downtown Alexandria. This location qualifies for Opportunity Zone tax incentives, further enhancing the investment potential. The property offers more than 26,000 square feet on over one acre of land and is being offered for $3,200,000, delivering an attractive 10% cap rate with a current NOI of $323,044. The building features modern office space throughout, including welcoming reception areas, private offices, large open cubicle areas, boardrooms, breakrooms with upgraded kitchens, and a dedicated training room with media capabilities. Cubicles and select furnishings can remain with the property at closing, making it an excellent turnkey investment or future headquarters opportunity. Occupants benefit from high-speed fiber connectivity and a secure key-fob access system that allows private entry into individual leased suites. There are 5,003 usable square feet (5,600 rentable square feet) that are currently leased; however, this space can be made available if needed for an owner-occupant. Whether you are an investor seeking a strong income-producing asset or a business owner planning for future occupancy, this property offers exceptional flexibility and long-term value.
Location
State LA
County Rapides
Zoning CBD
Interior
Fireplace No
Exterior
Parking Features Parking Lot
Water Access Desc Public
Accessibility Accessibility Features
Building
Lot Description 1 to 5 Acres, City Lot
Dwelling Type Office
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 24-7-180-28
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Special Listing Condition None
Listed by LATTER AND BLUM Central Realty LLC
Schools Near
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