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: 6/11/2022

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

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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

Contact

Photograph of Listing Agent

Linda B Williams

RE/MAX Premier Realty
Monroe, LA
LACDB Member
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