1201 3RD ST, Alexandria, LA 71301
1201 3RD ST, Alexandria, LA 71301
1201 3RD ST, Alexandria, LA 71301
1201 3RD ST, Alexandria, LA 71301
1201 3RD ST, Alexandria, LA 71301
1201 3RD ST, Alexandria, LA 71301
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Shelly Paternostro

Shelly Paternostro

+1(504) 382-7777
Listed byLATTER AND BLUM Central Realty LLC • THADDYEUS DIXON • 318-445-7653
$ 3,200,000
Est. payment | /mo

1 Sqft Lot

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$ 3,200,000
Est. payment | /mo
Save Virtual Tour

1 Sqft Lot

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 2520129

HOA Y/N No

Year Built 1983

Lot Size 1 Sqft

Acres 1.08

Lot Dimensions 213.20 x 83.25 x 213.20 x 85

Property Sub-Type Commercial

Source ROAM MLS

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

Area 1.08

Zoning CBD

Direction On the corner of Washington and 3rd Street downtown. (Former Town Talk Building)

Interior

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Natural Gas Available

Garage No

Building

Water Public

New Construction No

Others

Tax ID 24-7-180-28

Virtual Tour https://www.propertypanorama.com/instaview/roam/2402773

ROAM MLS

NEARBY SCHOOLS & PROPERTIES

Shelly Paternostro

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
–Franklin D. Roosevelt

+1(504) 382-7777

shellypaternostro@me.com

203 Bradwall Street Luling, LA 70070, Luling, LA 70070, USA

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1201 3RD ST