1201 3RD Street

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.

Listing ID:

CN2520129

Parish

Rapides

Area

100 Rapides, Alex Side

Financing

Owner Will Carry

Assessment

24-7-180-28

Legal Desc

PT LOTS 1 & 4 SQ. 13 ALEXANDRIA ADDITION; FRTG 83.25' ON 3RD ST X 213.2' ON WASHINGTON ST X 85' X 106.6' X 1.75' X 106.6'

Parking:

Parking Lot

Lot Dimensions

213.20 x 83.25 x 213.20 x 85

Construction

Stucco

Lot Size Area

1.08 ac

Features

Handicap Design