Ruston LA Investment Opportunity

Office for Sale
Catylist Listing ID: 30737753
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 33,141 SF
Gross Building Area: 33,414 SF
Gross Land Area: 74,923 SF
Sale Price: $2,350,000
Unit Price: $70.91 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Building Name: Chautauqua Suites
Class of Space: Class B
Usable Size (USF): 33,414 SF
Sale Terms: Cash to Seller
Cap Rate: 8.7%
Average Occupancy Rate: 85
Last Updated: 8/25/2021

Overview / Comments

This is a great piece of commercial investment property conveniently located in the heart of Ruston! Established tenants with great return for investment property. Value add investment with opportunity to grow current income. Also, its located right near I-20 and has ample parking! Gross rents totaling over 30k per month.

Additional Details

Nearest MSA: Ruston
County: Lincoln
Taxing Authority: City of Ruston
Tax ID/APN: 13183026025
Zoning: B-3
Property Located Between: E. Reynolds Drive and North Service Rd E
Highway Access: I20 exit 85 stay to the right. First right on E. Reynolds drive then property on the right.
Airports: MLU, RSN
Site Description: 1.72 acre site. All concrete parking
Area Description: Located just north east of the intersection of Hwy 167 and I20 in Ruston. Area has been rapidly growing with current expansion of LA Tech university and Ruston being home to several companies based in healthcare, technology, and manufacturing.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 15,000 SF
Year Built: 1985
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Ample concrete parking 100 + spaces including covered spaces
Total Parking Spaces: 102
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Steam
Heat Source: Central
Air Conditioning: Evaporative Cooler
Internet Access: Cable, Fiber Optic
Zoning Description: B-3
Lot Frontage: 472 - E. Reynolds
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 24 of Reynolds Drive Business Park, a subdivision of the City of Ruston, Louisiana.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,190 19,477 28,718
Median Age: 29.08 27.77 28.79
Households: 1,468 7,488 11,149

Contact

Photograph of Listing Agent

Dustin James

Keller Williams Parishwide Monroe, LA 71201
LACDB Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.