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I-20 Corridor - 39 Acres/West of Lowe's at I-20

39 Acres of Commercial Land Offered at $4,819,398 CAD in Monroe, LA 71202

Commercial Land Louisiana Monroe I-20 Corridor, Monroe, LA 71202

Investment Highlights

  • Located in retail center along Interstate 20 in Monroe
  • Development opportunity

Executive Summary

September, 2022: I-20 Frontage Road Completed!
39 +/- Acres of Vacant/Raw Commercial Acreage for Development along I-20.
Located South of I-20; just West of Lowes Home Improvement.
All utilities available.
Highest Best Use: Retail/Commercial, Industrial, Multi-Family.
Annexation: City of Monroe.
This property along I-20, with an abundance of anchor stores, restaurants, hotels, and strip centers makes this an attractive investment for commercial development. Acreage is approximate (39+- acres). Buyer to survey for correct acreage determination. $3,400,000.00 ($87,179.48/acre).
The property does qualify for the Federal Economic District benefits currently governed by the City of Monroe and in place with boundaries on the North side of I-20. Any benefits to be derived by an owner/developer are to be determined on a piece by piece basis by the I-20 Economic Development Board.

Attachments

LACDB March 2022

Property Facts

Price $4,819,398 CAD Property Subtype Commercial
Sale Type Investment or Owner User Proposed Use
Commercial
  • Retail
  • Multifamily
Sale Conditions
1031 Exchange
  • Redevelopment Project
 Total Lot Size 39.00 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price $4,819,398 CAD
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Multifamily
Total Lot Size 39.00 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $4,819,398 CAD Lot Size 39.00 AC
Price Per AC $123,574 CAD
Price $4,819,398 CAD
Price Per AC $123,574 CAD
Lot Size 39.00 AC

39 +/- Acres along I-20 Service Rd located just West of Lowe's Home Improvement. New service road completed, 2022.

Description

39 +/- Acres along I-20 Service Rd. Located South of I-20; just West of Lowe's Home Improvement. Highest Best Use: Retail/Commercial, Industrial, Multi-Family. Annexation: City of Monroe This property along I-20, with an abundance of anchor stores, restaurants, hotels, and strip centers makes this an attractive investment for commercial development. Acreage is approximate (39+- acres). Buyer to survey for correct acreage determination. $3,400,000.00 ($87,179.48/acre).

Links

1 of 1
I-20 Corridor, Monroe, LA - aerial map view

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13265
  • 123529
  • 123527
  • 123528
 Improvements Assessment $0 CAD
Land Assessment $1,574 CAD Total Assessment $1,574 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13265
  • 123529
  • 123527
  • 123528
Land Assessment
$1,574 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,574 CAD

zoning

Zoning Code N/A
N/A
(318) 261-0892

Contact

  • Listing ID: 12051390

  • Date on Market: 2018-03-26

  • Last Updated:

  • Address: I-20 Corridor, Monroe, LA 71202

The Land Property at I-20 Corridor, Monroe, LA 71202 is currently available for sale. Contact John Rea Realty for more information.

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I-20 Corridor, Monroe, LA for sale Building Photo- Image 1 of 5
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39 Acre Aerial View

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I-20 Corridor - 39 Acres/West of Lowe's at I-20
(318) 261-0892 x

I-20 Corridor - 39 Acres/West of Lowe's at I-20

Jennifer Causey

(318) 261-0892

(318) 261-0892

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