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: 2/20/2024

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,151 48,475
Median Age: 33.89 35.5
Households: 6,247 20,264

Contact

Photograph of Listing Agent

Jennifer Causey

John Rea Realty Monroe, LA 71201
LACDB Member
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