Perfect Location for Retail/Commercial Development
Vacant Land
for Sale
| Catylist Listing ID: |
30654743 |
| Property Subtypes: |
Office, Retail, Self Storage, Other
|
| Gross Land Area: |
1.28 Acres
|
| Sale Price: |
$349,000 |
| Unit Price: |
$272,656 Per Acre |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/4/2023 |
Overview / Comments
|
PRIME LOCATION FOR COMMERCIAL DEVELOPMENT WITH RESIDENTIAL INCOME! This 1.28 acre tract is in the ideal location fora new commercial development. Anchored near Newk's Eatery, Podnuh's Bar-B-Q, and a Walgreens Pharmacy, this land is perfect for an office development, restaurant or retail store and is not in a flood zone. The land backs up to a former Small Cakes store. This property is priced for a commercial development, but currently has two rental properties with a total monthly income of $1,200. The residential income can offset your expenses while you plan your investment property! Prior to closing, the property will be rezoned for commercial purposes if desired by the buyer or the buyer can continue the property as a residential income investment.
|
Additional Details
| Nearest MSA: |
Monroe |
| County: |
Ouachita |
| Tax ID/APN: |
41482 & 133446 |
| Property Located Between: |
Located between Tulane Ave. and Ridge Ave. |
| Property Visibility: |
Good |
| Legal Description: |
LOT 10 SQ 8 SPLANE PLACE ADDN &LOT B RESUB OF LOT 9 & A PORTION OF LOTS 7 & 8 SQ 8 SPLANE PLACE ADDN |
| Largest Nearby Street: |
US-80/Cypress Street |
| Feet of Frontage: |
200 |
| Highway Access: |
I-20 is 1.2 miles via Thomas Rd. |
| Airports: |
Monroe Regional Airport |
| Lot Frontage: |
200 +/- on Tulane Avenue |
| Lot Depth: |
275' |
| Topography: |
Level |
| Available Utilities: |
Electric, Water, Gas, Sewer, Storm Drain, Cable |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,128 |
37,362 |
90,754 |
| Median Age: |
38.63 |
37.23 |
35.16 |
| Households: |
3,334 |
16,234 |
36,310 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
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