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    Basic Dr West Monroe, LA 71292

    For Sale
    $506,385

    Prime 1.55-acre pad site, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.55-acre commercial lot is ideally situated in West Monroe, Louisiana, in Basic Drive Commercial Park, offering unparalleled visibility and accessibility. Priced at $506,385 ($7.50/sq ft), this site is zoned for commercial use and presents a remarkable opportunity for businesses seeking a high-traffic location. The property boasts convenient access to major roadways and is directly adjacent to Walk-On's Sports Bistreaux, surrounded by a thriving commercial area including Texas Roadhouse, Academy Sports and Outdoors, Duck Commander, and many more established businesses such as Glenwood Regional Medical Center, Chick-fil-A, Hobby Lobby, Walmart, Best Western, Outback Steakhouse, Cracker Barrel, Harbor Freight, Logan's Roadhouse, Red Roof Inn, Chili's, and Office Depot. All utilities are conveniently located on-site, including public water, electricity, gas, and sewer, with underground infrastructure in place. The land is cleared and ready for immediate development. The property's APN is 23350. Mineral rights are to be acquired by the purchaser. While measurements are approximate, buyers are encouraged to verify all details independently. An adjacent 1.44-acre lot is also available for purchase.

    Property Features for 0 Basic Dr

    General Information

    Property type
    Land
    Lot Size
    67,518 SF

    HighLights

    • 1.55‑acre commercial lot in West Monroe, LA's Basic Drive Commercial Park, priced at $506,385 ($7.50/sq ft).
    • Paved access with on‑site public water, electricity, gas, and sewer; underground utilities.
    • Cleared and ready for immediate development.
    • Public water supply.
    • Cleared land.
    • Mineral rights to be acquired by the purchaser.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    West Monroe
    County
    Ouachita Parish
    State
    Louisiana
    Longitude
    -92.15347066
    Latitude
    32.50166604

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    FAQs

    What type of property is this?
    Land - Prime 1.55-acre pad site, ready for development.
    Where is this land located?
    The property is located at Basic Dr West Monroe, LA.
    What is the asking price?
    The asking price for this property is $506,385.
    What are key features of this property?
    This property features: 1.55-acre commercial lot in West Monroe, LA's Basic Drive Commercial Park, priced at $506,385 ($7.50/sq ft).; Paved access with on-site public water, electricity, gas, and sewer; underground utilities.; Cleared and ready for immediate development.
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    Basic Dr West Monroe, LA 71292
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    West Monroe, LA 71292
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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
    Basic Dr West Monroe, LA 71292
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