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    I-20 Of Monroe, LA 71202

    For Sale
    $3,400,000

    39 Acres, Monroe, LA - Prime Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 39-acre parcel presents a significant development opportunity along the I-20 corridor in Monroe, Louisiana. Situated just west of Lowe's Home Improvement, this property boasts unparalleled visibility and accessibility. Zoned for residential, commercial, and industrial uses, it offers flexibility for a wide range of projects. All utilities are readily available, simplifying development plans. The land is currently priced at $3,400,000, or approximately $87,179 per acre. The acreage is approximate

    Property Features for I-20 Of

    General Information

    Property type
    Land
    Lot Size
    1,698,840 SF

    HighLights

    • I‑20 frontage road access.
    • Excellent location, west of Lowe's Home Improvement.
    • Full utilities available on‑site.
    • Eligible for Federal Economic District incentives.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Ouachita Parish
    State
    Louisiana
    Longitude
    -92.06083172
    Latitude
    32.49503485

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    FAQs

    What type of property is this?
    Land - 39 Acres, Monroe, LA - Prime Development
    Where is this land located?
    The property is located at I-20 Of Monroe, LA.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: I-20 frontage road access.; Excellent location, west of Lowe's Home Improvement.; Full utilities available on-site.
    Request Owner's contact information
    I-20 Of Monroe, LA 71202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    I-20 Of Monroe, LA 71202
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