Catylist ID:
#30851483
PRIME Multi-Unit or Retail/Commercial Site
Vacant Land
for Sale
Also listed as Multi-Family
| Catylist Listing ID: | 30851483 |
| Property Subtypes: | Hospitality, Multi-Family, Office, Retail, Self Storage, Other |
| Gross Land Area: | 5 Acres |
| Sale Price: | $1,300,000 |
| Unit Price: | $260,000 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/15/2023 |
Overview / Comments
|
Now Available! Excellent 5-AC Commercial Site on Hwy 165 in North Monroe! Why invest in this location? Located in an area of several new upscale businesses. Located close to other newer multi-family residential developments. Located just across from The Reserve on Bayou Desiard apartment community. Traffic Counts of 25,544 cars/day. Whether Multi-Unit Properties, Townhomes, Condos, Offices or Retail, this property is worth considering as your next investment opportunity. Lot Size: 456.99 x 437.63 x 445.41 x 540.35. Road Frontage: 456.99 with a 25' access point over railroad tracks. Site Surface: 2.7 AC - Asphalt; 2.3 AC - manicured pecan orchard. Zoned: Parish. Not in City Limits. Topography: Level with slope at rear to drainage. Not in a Flood Zone. Gas, Electric, Sewer, Water at Site. Surrounding Land Use: Commercial/Residential The area has a reputation in commercial development with an upward trend from the typical neighborhood business to a more upscale use with several new business and multi-family residential developments having been completed or being completed within the past few years. Building range in age from new to 50 years of age. Most are renovated or maintained by long-standing occupants. For more information, call Jennifer Causey at 318-261-0892. |
Additional Details
| Nearest MSA: | Monroe |
| County: | Ouachita |
| Taxing Authority: | Ouachita Parish |
| Tax ID/APN: | 101165 |
| Zoning: | PARISH - NO ZONING |
| Property Located Between: | Horseshoe Lake Rd and Venable Lane |
| Property Visibility: | Excellent |
| Legal Description: | 5.0 ACS IN SMITH & STANDLEY SUBFROM NE CORNER OF LOT 30 OF SMITH & STANDLEY SUB S 705.12 FT PT OF BEGS 456.99 FT, W 437.63 FT, NORTHERLY 445.41 FT, E 540.35 FT TO BEG |
| Largest Nearby Street: | Sterlington Rd/Hwy 165 |
| Feet of Frontage: | 457 |
| Traffic/Vehicle Count: | 25,544 |
| Highway Access: | Hwy 165 |
| Airports: | Monroe Regional Airport - 15 min (7.6 miles) |
| Site Description: | Excellent Visibility on High-Traffic Commercial Corridor in North Monroe. Lot Size 456.99 x 437.63 x 445.41 x 540.35. |
| Area Description: | The area has a reputation in commercial development with an upward trend from the typical neighborhood business to a more upscale use with several new business and multi-family residential developments having been completed or being completed within the past few years. Buildings range in age from new to 50 years of age. Most are renovated or maintained by long-standing occupants. |
| Lot Frontage: | 457 |
| Lot Depth: | 500 |
| Zoning Description: | Parish |
| Topography: | Level |
| Available Utilities: | Electric, Water, Gas, Sewer, Storm Drain |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 15,151 | 48,475 |
| Median Age: | 33.89 | 35.5 |
| Households: | 6,247 | 20,264 |
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