12861 Highway 10 - Retail FOR SALE


Pitkin, LA 70656
$115,000 USD
305-206-1286
12861 Highway 10, Pitkin, LA for Sale
$115,000 USD
Retail - FOR SALE
1/9
null | Request Cap Rate

12861 Highway 10
Pitkin, LA 70656


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | Dollar General Adjacent | AUCTION SEPTEMBER 23-25
  • 10,675 SF Freestanding Value-Add Retail on 1.1 Acres Available at Substantial Discount Below Replacement Cost
  • Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Dollar General, USPS, Pitkin High School, Pitkin Fire Dept, and more
  • Strategic Highway Frontage and Visibility on LA-Hwy 10 with Traffic Counts of 3,386 VPD
  • Flexible Zoning for a Variety for Redevelopment or Alternative Commercial Uses

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 12884 Highway 10 in Pitkin, Louisiana 70656 (the “Property”). Formerly occupied by Family Dollar/Dollar Tree, the Property is being offered significantly below replacement cost presenting an excellent opportunity for owner/users or investors to acquire a highly visible commercial asset with direct highway frontage at a substantial discount. FIRST BID MEETS RESERVE! Built in 2022, the Property consists of a one-story, free-standing retail building totaling ±10,675 gross square feet, situated on a ±1.102-acre parcel (±48,002 SF) with 28 surface parking spaces. The site offers excellent accessibility via a dedicated curb cut and features ±200 feet of prime frontage along Highway 10, with ±3,386 vehicles per day (VPD), and additional frontage along Railroad Street. Previously operated under a triple net (NNN) lease by Family Dollar/Dollar Tree, the Property offers a compelling value-add opportunity to re-lease or reposition at long-term market rates (CoStar estimated retail rents $6-8/SF NNN). The Property and surrounding areas are not subject to any zoning ordinances, offering rare flexibility for re-use or alternative commercial uses. The Property is located in Pitkin, Louisiana, a small rural community in eastern Vernon Parish, within the Fort Polk South MSA—home to Fort Johnson (formerly Fort Polk), one of the nation’s largest military installations and economic anchors. Located approximately 40 minutes west of Pitkin, Fort Johnson and the Joint Readiness Training Center (JRTC) collectively support ±30,000 military personnel, civilians, and family members, driving demand for housing, retail, and essential services throughout the parish. Pitkin is strategically positioned along Louisiana Highway 10, one of the region’s primary east-west corridors connecting Oakdale (±21-mi east) and Leesville (±30-mi west) with the broader Fort Johnson and DeRidder markets. This key corridor supports steady daily traffic from both local residents and through-travelers. The Property is located adjacent to Dollar General and the surrounding area includes a mix of schools, fuel stations, and neighborhood-scale service providers—reinforcing the viability of retail and essential-use tenants. With minimal zoning restrictions, favorable land use flexibility, and access to regional infrastructure, the Property is well-positioned in an underserved corridor with more than 4,250 residents within a 10-mile radius and an average household income (AHHI) approaching $90,000—making it a strong candidate for re-leasing, adaptive reuse, or long-term investment.

FOR SALE DETAILS

PRICE

$115,000 USD

PRICE/SF

$11 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former Family Dollar

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.