Current Use by Public Records
- Land
Property Details for 1500 Garrett Rd
- Lot size
- 60.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 60-acre parcel in Ouachita Parish, Louisiana, presents a unique investment opportunity. Located at the edge of Monroe city limits, with convenient access to I-20 via Garrett Rd, Woolsey Rd, and Parker Rd, this shovel-ready site is zoned for commercial, industrial, and residential development. The property boasts approximately 60 acres of cleared and cleaned land, eliminating significant upfront development costs. All due diligence, including wetland mitigation studies, is readily available for review. Adding to the immediate return, a 2,137 sq ft metal building sits on a concrete slab, currently leased for $900 per month under a lease-to-own agreement. The building features a 1,353 sq ft shop area and a 784 sq ft office. The asking price is $990,000, and owner financing is available, making this an attractive proposition for developers seeking a versatile and well-prepared site with immediate income potential. The property is held under personal ownership and is offered for sale by owner. This is a rare opportunity to acquire a significant land holding in a rapidly growing area with established infrastructure and immediate income generation. Don't miss this chance to capitalize on this exceptional development opportunity.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Ouachita Parish
- State
- Louisiana
- Longitude
- -92.0549
- Latitude
- 32.4878
