Cypress St. @ Norris Ln. - West Monroe

Retail-Commercial for Sale
Catylist Listing ID: 30426282
Property Subtypes: Convenience Store, Restaurant, Street Retail, Other
Building Size (RSF): 5,700 SF
Gross Building Area: See Agent
Gross Land Area: 2.25 Acres
Sale Price: $995,000
Unit Price: $174.56 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/4/2019

Overview / Comments

This office/manufacturing building on Norris Ln @ Cypress St. red light includes 2.25 acres includes (addresses 4500-4506 Cypress & 101 Norris Lane & 101 Westridge Drive). All parcels included in this sale. West Monroe's most desirable commercial corner - I-20 and Downing Pines @ Cypress and Norris Lane - with traffic light intersection. Over 350 ft on Cypress St. (Hwy 80), daily traffic count of 20,000 vehicles, close to new businesses and restaurant development. Older buildings on property Cypress side included. All measurements to be verified by Buyer. Seller will consider division of property.

Additional Details

Nearest MSA: Monroe
County: Ouachita
Tax ID/APN: 48273.
Property Located Between: Cypress St & Norris Lane and on Westridge Dr
Property Visibility: Excellent
Largest Nearby Street: Hwy 80 (Cypress St.)
Traffic/Vehicle Count: 20,000
Highway Access: Cypress St. @ Downing Pines to on-ramp of Interstate 20
Site Description: Land has two buildings on property plus some storage (all is included in sale)
Area Description: Across from Downing Pines new Convenience Store Complex, down from multiple restaurants, banks, businesses and more.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Ouachita Parish Assessor 4 Parcels - #26524, #84453, #48273, #18681 - Township 18 Range 03 Section 29

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,133 35,539 78,165
Median Age: 39.11 36.56 35.9
Households: 3,703 15,008 31,536

Contact

Photograph of Listing Agent

Bill E Roark

Tri State Properties, LLC Monroe, LA 71201
LACDB Member
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