Off-Market Albany, LA Commercial Investment Opportunity – Contract Assignment
Contract assignment available for a prime Albany, LA commercial property with strong investment and value-add potential.
Asking Price: Looking at offers over $500,000
Address: 29900 & 29906 S Montpelier Rd, Albany, LA
Total Leasable Space: 5,930 SF across two buildings
•Building 1: 4,580 SF divided into two separate units — one medical/office space and one residential unit (residential unit can be converted to additional office or other commercial use). Both spaces are in great shape, and a tenant could move in as-is if desired.
•Building 2: 1,350 SF commercial/retail space that needs a light rehab.
Lot Size: 19,602 SF (0.45 acres)
Parking: Front & rear concrete parking areas, plus private back covered/uncovered parking
Condition: Well-maintained, newer metal roofing, 10-year effective age
Additional Features: Generator that can be used by either the dental office side or the apartment side
Flood Zone: X (minimal flood risk)
Zoning: Non-zoned (subject to deed restrictions)
Highest & Best Use: Medical office, professional office, retail, or mixed use
Investment Highlights:
•Appraised at $685,000 (Nov 2022)
•Located in high-visibility, growing commercial corridor of Albany
•Flexible space mix — office, medical, retail, and residential use
•Strong income potential (estimated market rent: ~$71,955/year)
•Solid CAP rate opportunity with upside
Assignment Details:
•Contract is assignable to end buyer
•Buyer responsible for standard closing costs
Contact me for more details, pictures, or to arrange a walkthrough.