165 Sterlington Rd Monroe, LA 71203
This exceptional 2.34-acre commercial land parcel is strategically located on Highway 165 in Monroe, Louisiana, at a divided highway median crossover, offering unparalleled visibility and accessibility. The property boasts 238 feet of highway frontage and a lot depth of 457 feet. It's zoned for Commercial/Multi-Family use and all utilities are readily available on-site. The asking price is $1,223,165, translating to $12 per square foot. This site is part of the Sunflower Place Business Park, a thriving commercial area featuring established businesses such as Bestz Donuts, RUYA Boutique, Revival Pizza, Mil Amores Steaks & Cantina, and Kraftman Federal Credit Union. The property's proximity to Sterlington High School, the new Sterlington Middle School, and Sterlington Elementary School (all within 0.7 miles) further enhances its appeal. This location benefits from high traffic counts and is surrounded by other successful businesses, including Ron Bush's State Farm, Fish House Restaurant, The Beauty Bar, BBQ Pit, Rio Nails, and Lilyana's Boutique. This presents a unique opportunity for developers and investors seeking a high-visibility location with strong potential for growth and return on investment. The property's APN is 113061. The address is 165 Sterlington Rd, Monroe, LA 71203.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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