Tower Drive Land - High density commercial (Monroe, LA)

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30653290
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Status: Pending
Gross Land Area: 52,673 - 172,933 SF
Sale Price: $7 - 10.74 PSF
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/28/2022

Overview / Comments

Retail pricing for each lot is listed below. Bulk sale pricing is available at request.
Lot 3: 57,673 sf @ $10.71 / SF or $617,678
Lot 4: 52,795 sf @ $10.71 / SF or $565,434
Parcel 1 (Oliver Road): 62,291 sf @ $7.00 / SF or $436,037

The most desirable commercial development area in Monroe for banks, restaurants, medical offices, and other high-density users.

Additional Details

Nearest MSA: Monroe
County: Ouachita
Tax ID/APN: 113482
Property Visibility: Excellent
Legal Description: Lots 3, 4 Block A, Tower Commercial Park and one adjacent parcel with metes and bounds descriptions.
Largest Nearby Street: Tower Drive
Feet of Frontage: 513
Site Description: Clear with scattered trees on the Oliver Road and rear land property.
Zoning Description: B-3; Commercial Business District
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,487 50,685 91,199
Median Age: 37.29 34.5 34.22
Households: 3,903 20,866 36,082


Photograph of Listing Agent

Michael Graham

Mike Graham Real Estate Monroe, LA 71201
LACDB Member
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