Catylist ID:
#30653290
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 |
| Zoning: | B-3; COMMERCIAL BUSINESS DISTRICT |
| 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 |
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 |
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