Former Hixson Automotive

Retail-Commercial for Sale
Catylist Listing ID: 30574456
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility, Street Retail, Vehicle Related, Other
Building Size (RSF): 70,668 SF
Gross Land Area: 12.46 Acres
Sale Price: $7,600,000
Unit Price: $107.55 PSF
Ceiling: 20 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Former Hixson Automotive
Usable Size (USF): 70,668 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2020

Overview / Comments

The original automotive dealership building was constructed by James Rivers in approximately the 1960's for the use as River's Ford. The property later transferred ownership to the Hixson family who acquired additional property and made various improvements and additions over the past 30+ years. In addition to the remodeling of the new car sales building (1991), the current owners constructed a pre-owned car lot building on the west side of the primary building and constructed a new body shop building on a rear lot facing Hudson Lane. The most recent improvements: (2015) New Roof; (2016) fill-in of a large drainage ditch that ran between the new car dealership and the used car lot and adding additional concrete parking and drives, renovation of the interior showroom, front sales offices and restrooms.

Other Improvements: Remodeling and renovation of the existing primary new car building which was converted from the former Ford and BMW sales to only a BMW sales service and parts department. The total area that was affected by the remodel was 26,536 +/- SF of which 14,169 +/- SF is finished office and showroom space; 7,569 +/- SF is in a finished service department which includes ceramic tile and HVAC and 4,798 +/- SF is a remodeled parts department.

Current Use/Tenant : Auto Elite Collision Center of NELA - a professional collision and cosmetic repair body shop. Formerly Hixson Autoplex Body Shop. Established in 2016.

Gross Land Area: 12.5 +/- Acres. Gross Building Area: 70,668 SF. Owner will subdivide. Restrictions for showings. Please call assigned listing agents for more information.

Additional Details

Nearest MSA: Monroe
County: Ouachita
Taxing Authority: Ouachita Parish
Tax ID/APN: 69305, 55321, 55322, 55326, 55327, 56065, 130638, 77160, 21037, 21036, 21030
Zoning: B-3 GENERAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Louisville Ave/Hudson Lane
Property Visibility: Excellent
Largest Nearby Street: Louisville Avenue
Feet of Frontage: 993
Highway Access: Louisville Ave/Hwy 80; Hwy 165; Interstate 20
Airports: Monroe Regional Airport - 13 min (5.4 mi) via LA-594/Millhaven Rd
Site Description: The primary sites are located on the northwest side of Louisville Ave and southeast side of Hudson Lane and the northeast side of the Union Pacific Railroad in the central portion of the Monroe city limits. The boundaries are: North - Forsythe Avenue; East - Highway 165; South - DeSiard Street; West - Ouachita River. The sites are basically rectangular shaped and contain a total of approximately 542,888 SF or 12.46 +/- Acres. The primary site contains approximately 213,444 +/- SF or 4.9 +/- Acres. An additional lot associated with the primary site located to the northeast contains approximately 37,549 +/- SF or 0.862 +/- Acres. The pre-owned dealership site contains approximately 169,928 +/- SF or 3.9 +/- Acres and is located next to the new car site and was previously separated by Youngs Bayou with a walk bridge connecting the two sites. The two sites are now connected with a large portion of the bayou having culverts installed and fill material with concrete overlay for additional parking and drives. Frontages: The sites form interior parcels with frontage along Louisville Avenue and Hudson Lane. The primary site has approximately 207 feet of frontage along the northwest side of Louisville and approximately 512 feet of frontage along the southeast side of Hudson Lane.The additional site on the northwest side of Louisville has approximately 143 feet of frontage on Louisville. The pre-owned car lot has approximately 306.52 feet of frontage on the northwest side of Louisville and approximately 223.87 feet on the southeast side of Hudson Lane. Flood Zone Status: The sites are in Flood Zone AE (100-year flood). Topography: The sites have a basically level elevation at or near street grade. The sites appear to have adequate drainage. Utilities: Most utilities are available to the site including electricity, telephone, natural gas, sewer and water.
Area Description: Louisville Avenue is a four-lane, bi-directional, asphalt paved road, with adequate drainage and overhead electrical and phone lines. Hudson Lane is a two-lane, bi-directional, asphalt paved road with adequate drainage and overhead electrical and phone lines. Traffic Arteries: East to West: Forsythe Ave & Louisville Ave (US Hwy 80). North to South: North 18th St, Lamy Lane & Hwy 165. Community Facilities: The neighborhood is served by all community facilities such as schools, houses of worship, medical, recreational and retail facilities. The area is primarily comprised of retail and office buildings with various special use properties: restaurants, banks and residential properties along secondary streets.
Tenancy: Single Tenant
Number of Stories: 1
Property Condition: Excellent
Year Built: 1960
Year Renovated: 2016
Roof Type: Other
Construction/Siding: Steel Frame
Exterior Description: Construction: Brick Veneer/Metal/Stucco. Roof: Metal/Built-Up. Building: Steel Frame. Professional Landscaping. Loading Dock. Gutters. Lighting/Security Systems in place.
Total Parking Spaces: 400
Parking Type: Surface
Parking Description: 94,000+/- SF of concrete parking on the pre-owned car lot, 185,000 +/- SF of asphalt parking on the new care lots, 20 +/- light poles, 2 double-sided dealership signs, entrance drives and minimal green and landscape areas.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System, Window Unit
Internet Access: Cable, DSL, Satellite, T1/T3
Interior Description: Main Showroom/Offices: 14,169+/- SF; Showroom Floor, Lobby/Refreshment Station, 11 Private Offices, 3 Conference Rooms, 1 Kitchen/Break Area, Men's Restroom: 2 Urinals/1 Stall, Women's Restroom: 2 Stalls. Covered Service Entrance: 1,991 +/- SF; Business Office, Lobby/Waiting Area, 4 Workstations. Service Department: 7,569 +/- SF; 20' Ceiling; 5 Car Lifts, Fluid Dispensing Hose Stations, Overhead doors: (1) 18x14, (4) 10x12, (1) 8x10. Parts Department: 4,798 +/- SF; Warehouse, Ceiling 23', Service Counter, Hanging lights at 10', Mezzanine Extra Storage. Service Bays: 28,476 +/- SF; 1 Car Lift, 1 Frame Straightener, 17 Overhead Doors: (2) 10x12, (10) 14x20 - 2 repair stations per door, (1) 8x10 and (4) 14x10. Employee Lounge: 2 Stalls, 2 urinals, community shower, lockers, eyewash station; separate women's restroom. Paint/Body Shop: 9,600 +/- SF; 20' Ceiling; Overhead Doors: (6) 14x14, (4) 14x10. Pre-Owned Sales Building: 2,625 +/- SF; 2 Private Offices, 3 Glass Cubicles, 1 Refreshment Station, 2 Restrooms, Lobby/Display Floor. Office Building (East Lot): 1,440 +/- SF; 3 Private Offices, 3 Workstations, Kitchenette, Lobby/Waiting Area; 2 Restrooms.
Zoning Description: B-3, General Business District
In Flood Plain?: Yes
Lot Frontage: 993
Lot Depth: 530
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: There are no unusual easements or encroachments which would be an adverse influence on the development of the property. The known easements affecting the site are typical utility easements along the road frontage within the boundaries of the road right-of-way.
Land Ownership: Owned
Legal Description: Parcel 69305: LOT IN SEC 49 & 50 T18N R3E (IND A BREARD SR'S HUDSON &LOUISVILLE AVENUE) FROM THE INTERSECTION OF E/L MP RR WITH N/L LOUISVILLE AVENUE, E ON N/L LOUISVILLE AVENUE 306.52 FT TO POINT OF BEG, E 257 FT, N 262.5 FT, E 140.52 FT, N 271.34 FT TO S/L HUDSON LANE, W 725.59 FT, S 655.41 FT TO BEG-LESS TRIANGULAR LOT CONTG .5771 ACS(PART IS YOUNG'S BAYOU); Parcel 55327: TRIANGULAR LOT BEG 2260 FT W OF 18TH ST & FRTG 163.54 FT ON SO HUDSON LANE 326.92 FT ON YOUNGS BAYOU BY 265.81 FT-SOLD TRIANGULAR LOT IN BOOK 1444-859; Parcel 55326: LOT IN SQ 102 D A BREARD SRS.ADDN BEG 650.90 FT FROM SW COR,SAID SQ & FRTG 50 FT ON NO SIDE LOUISVILLE AVE, DEPTH 655.44 FT-SOLD LOT BK 1444-859; Parcel 130638: 0.58 ACS IN SECS 49 & 50 T18N R3E, FROM INTERSECTION OF S R/W LINE OF HUDSON AVE & N R/W LINE OF MO PAC RR, N26-01-39E ALG S R/W LINE OF HUDSON AVE 112.30, N52-35-39E ALG S R/W LINE 104.89 TO POB, N52-35-39E 119.10, S61-13-48E 461.99, N73-17-12W 521.60 TO S R/W LINE OF HUDSON AVE & POB (PART IS YOUNG'S BAYOU); Parcel 55322: 2.12 ACS IN SEC 50 T18N R3E, FROM INTERSECTION OF S R/W LINE OF LOUISVILLE AVE & N R/W LINE OF MO PAC RR, NW ALG SAID R/R LINE, RT CURVE RAD=2746.88, (CHORD=N69-54-04W 367.53),ARC=367.80, N52-42-48E 279.60, S73-17-12E 382.32 TO N R/W LINE OF LOUISVILLE AVE, S52-39-42W 306.22 TO POB; Parcel 55321: 1.22 ACS IN SECS 49 & 50 T18N R3E, FROM THE INTERSECTION OF S R/W LINE OF HUDSON AVE & N R/W LINE OF MO PAC RR, N26-01-39E ALG S R/W LINE OF HUDSON LN 112.30, N52-35-39E 104.89,S73-17-12E 272.30, S52-42-48W 279.60 TO A PT IN THE N/L OF MO PAC RR, NW ALG SAID R/W LINE, RT CURVE RAD=2746.88, (CHORD=N64-04-57W 190.06), ARC=190.09 TO POB; Parcel 21037: LOT BEG 207 FT E OF INTERSECTION NO LOUISVILLE & YOUNG'S BAYOU & FRTG E ALONG LOUISVILLE 90.52 FT& DEPTH 262.5 FT; Parcel 21036: LOT BEG 297.52 FT E 0F INTERSECTION LOUISVILLE & YOUNG'S BAYOU & FRTG 38 FT ALONG N SIDE LOUISVILLE, DEPTH 262.5 FT; Parcel 21030: LOT BEG 335.52 FT E OF INTERSECTION YOUNGS BAYOU & LOUISVILLE & FRTG E 12 FT NO SIDE LOUISVILLE, NO 262.5 FT,W 12 FT, SO 262.5 FT TO POB; Parcel 56065: LOT BEG 704.04 FT FROM INTERSECTION MO P RR WITH NO LINE LOUISVILLE AVE, E ON NO LINE LOUISVILLE AVE 143 FT,DEPTH 262.5 FT-LESS 10.06 FT STRIP BK 1338-439; Parcel 77160: TRIANGULAR PARCEL IN PORTION OF D A BREARD SR EST HUDSON & LOUISVILLE AVE PROPERTY BEG AT POINT ON N/L LOUISVILLE AVE 847.04 FT EASTERLY FROM INTER-SECTION OF E R/W LINE OF MO PAC RR WITH N/L LOUISVILLE AVE, NW 250.99 FT, W 27.05 FT, SE 252.44 FT TO POB.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,754 52,113 95,548
Median Age: 39.16 34.54 33.97
Households: 3,833 20,930 37,682

Contact

Photograph of Listing Agent

Jennifer Causey

John Rea Realty Monroe, LA 71201
LACDB Member
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