Property profile

7700 Desiard St Monroe, LA 71203

OFF-MARKET
Land
1.7 ac lot
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Property summary

AI-generated overview

This exceptional 1.7-acre commercial land parcel presents a significant investment opportunity along Monroe's bustling Highway 80 corridor. Strategically located between Kenilworth Drive and Chatham Street, this property boasts primary and dual secondary street access, ensuring high visibility and accessibility. Its prime location offers easy access to Monroe Regional Airport, a variety of restaurants and retail businesses, the University of Louisiana at Monroe, Pecanland Mall, and Interstate 20, all within a three-minute drive. The site benefits from all available utilities, including curb cuts for both primary and secondary street frontage. Importantly, this property lies outside city limits, offering potential flexibility in development. A pre-existing billboard lease agreement with The Lamar Company generates additional income potential. Daily traffic counts, based on 2009 LA DOTD data, average 20,263 vehicles. The property's flood zone classification is X, indicating a 0.2% annual chance of flooding, and sits at a ground elevation of 80.7 feet. The asking price is $265,000, representing a price per acre of $155,882. The property's parcel number (APN) is 132323 and is zoned PARISH - NO ZONING in Ouachita Parish, Louisiana. This is a rare opportunity to acquire a highly visible and well-situated commercial property in a thriving area.

Property profile

Verified
Property type Land
Lot 1.7 ac (74,052 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

7700 Desiard St Monroe, LA 71203
Monroe metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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