399 Constitution Dr West Monroe, LA 71292
This exceptional 1.06-acre commercial lot in West Monroe, Louisiana, boasts unparalleled visibility and accessibility from Interstate 20, Exit 114, with a daily traffic count exceeding 73,420 vehicles. The property features a substantial 12,000 square foot concrete pad, providing a ready-made foundation for development, and 48 striped asphalt parking spaces to accommodate customers and employees. Its prime location on Constitution Drive, offering 150 feet of road frontage and a 345-foot lot depth, ensures maximum exposure. All essential utilities—electric, water, gas, and sewer—are conveniently located on-site. A shared common drive/easement with a Motel 6 is situated at the rear of the property. The property's strategic position within the high-performing Thomas Road/Interstate 20 corridor, known for significantly outperforming national sales averages for retail, restaurant, and entertainment businesses, presents a unique investment opportunity. This thriving commercial area is home to a diverse range of established businesses, including Academy Sports + Outdoors, Harbor Freight, Planet Fitness, and numerous restaurants, further enhancing the property's appeal and potential. The property is zoned B-3, and the APN is 88118. The asking price is $499,500. This is an owned property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.