Former Pier 1-For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30589122
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 9,936 SF
Gross Land Area: 39,177 SF
Sale Price: $950,000
Unit Price: $95.61 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Building Name: Former Pier 1
Usable Size (USF): 9,936 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/20/2021

Overview / Comments

Great location adjacent to Pecanland Mall and I-20 directly across the mall parking lot from Dillard's and Dick's Sporting Goods in the heart of Monroe's national retail corridor. Great visibility from I-20 and easy access from Parkland Mall service road. The building is wide open with about 1,000 sf partitioned off for storage, an open canvas ready for re-development. Also available for lease at $9.00/sf, $7,452/month, as-is, NNN. Additional pictures, aerial, survey are attached to this listing at See the aerial for national tenants located in and around the Pecanland Mall. Call Broker for additional information.

Additional Details

Nearest MSA: Monroe
County: Ouachita
Taxing Authority: Ouachita Parish and city of Monroe
Tax ID/APN: 24925
Property Located Between: I-20 & Millhaven Drive
Property Visibility: Excellent
Largest Nearby Street: I-20
Traffic/Vehicle Count: 42,275
Highway Access: I-20
Area Description: Major retail around Pecanland Mall, Kohl's, Target and Home Depot developments
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1992
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Typical Pier 1 design with glass front and parking side
Total Parking Spaces: 51
Parking Type: Surface
Parking Description: Parking lot to front and east side of building
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: About 9,000 sf open retail and 936 sf storage
Zoning Description: B-3 General Business District
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Truck access easement

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,283 39,978 80,218
Median Age: 27.5 32.13 32.83
Households: 1,069 14,282 30,244


Photograph of Listing Agent

Maurice L Hebert

Hebert Commercial Real Estate Alexandria, LA 71301
LACDB Member
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