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520-524 Front St - Pierson James Building 2,159 SF Retail Condo Unit Offered at $406,000 in Natchitoches, LA 71457
Investment Highlights
- Premium location with high visibility and traffic. Year round tourism. Solidly constructed and well maintained building. Recently remodeled units.
Executive Summary
Rare opportunity to purchase a Historic mixed use building in the heart of Downtown Natchitoches. The turn of the century two story Pierson James Building features two spacious 2bd/2ba residences with great views of scenic Front Street, Cane River Lake and the waterfront recreation area. There are also two large retail spaces on the 1st floor that are currently occupied by thriving businesses, Magnolia Spa and the Natchitoches Picnic Company. It is ideally located in a Historic District hotspot that enjoys high foot and car traffic from tourists and locals alike. In addition to the public parking on Front Street's famous bricks, there is a large private tenant parking lot behind the building. The picturesque setting, on Front Street between Trudeau and Rue Touline along the west bank of Cane River Lake, is often featured in print, television, and internet publications. Last but not least, all of the legal and survey work for converting the building into separate residential and retail condominiums has been completed and they are each individually available for purchase. If someone chooses to purchase the whole building first, they will have the option to keep the four units together without an association or continue with the condo conversion and the ability to sell one or more of them separately. This special property is truly one of a kind and a prime investment prospect that is not to be missed.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 0011409500 |
| No. Parking Spaces | 2 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 0011409500 |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 522B | 2,159 SF | Retail | $406,000 ($188.05/SF) | - |
Unit 522B
| Unit Size |
| 2,159 SF |
| Condo Use |
| Retail |
| Price |
| $406,000 ($188.05/SF) |
| NOI |
| - |
Unit 522B
| Unit Size | 2,159 SF |
| Condo Use | Retail |
| Price | $406,000 ($188.05/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 0011409500 |
| Description | |
| One of the most desirable residential condominiums in Historic Downtown Natchitoches.? Ideally located on the south end of Front Street, it is one of only two townhouses in the turn of the century Pierson James Building.? Accessed by a private elevator, the spacious 2bd/2ba home features high ceilings, a large office, and an open concept kitchen, dining, and living area with wonderful views.? Last, but not least, there is an expansive balcony to relax on and soak up the sights, sounds, and ambiance of scenic Front Street, Cane River Lake and the waterfront recreation area.? This special property has excellent vacation rental income potential or just keep it all to yourself.? Either way, this is a rare opportunity that is not to be missed.? |
Property Facts
Nearby Major Retailers
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520-524 Front St - Pierson James Building