May, 2022 Update: Frontage Road Development 90% Complete. 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.? Adjacent Parcels up to 85 +/- Acres available.
- Price:
- $3,400,000
- Acreage:
- 39.00
- Listing ID #:
- 135300
- Street Address:
- 0 I-20 Frontage Road
- City:
- Monroe
- State:
- Louisiana
- Postal Code:
- 71202
- Community:
- 131 Monroe & Op-East/ Hwy 165 To Richland Parish
- Subdivision:
- Other
- Listing Status:
- Active
- Listing Type:
- LAND
- Complex/Building Access:
- Divided Highway, State Parish Highway
- Extra Remarks:
- Can Be Divided, Other
- Legal:
- Ne/4 Of Nw/4, Sec. 4, T14n, R4e
- Conforms To Zoning:
- Parish
- Existing Land Use:
- Vacant Land
- Lot Description:
- Wooded Lot
- Lot Size:
- 39 Acrs
- Mineral Rights:
- Seller To Retain
- Timber Type:
- Yes
- Days On Market:
- 1712
- For Sale Or Lease?:
- For Sale
- Price Per Acre:
- 87179.49
- Restrictions:
- Yes
- Terms:
- Cash, Conventional
- Price Per Square Foot:
- 87179.49
- Fence:
- Some Fencing
- Electricity:
- Available
- Existing Water:
- Available
- Sewage Type:
- Available
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By John Rea Realty
