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$1 Auction – 2,500 SF Retail Building 101 W Main St 2,500 SF 100% Leased Retail Building Homer, LA 71040 $50,000 ($20/SF)
INVESTMENT HIGHLIGHTS
- ABSOLUTE $1 AUCTION | 2,500 SF Retail Building | 9K VPD Traffic Count | AUCTION DECEMBER 15-17
- Ice Machine and Snow Cone Truck Use Lot and Pay $4,200/Year in Rent
- Surrounding Traffic Generators: Dollar General, Brookshire’s Supermarket, McDonald’s, Subway, High School, City Hall, Claiborne Memorial Medical
- 2,500 SF Retail Outparcel to Dollar General Shopping Center in Homer, Louisiana
- 9,010 VPD Traffic Counts with Highway Frontage and Visibility on US Hwy 79 (W Main Street) in Strong Commercial Corridor
- Attractive Demographics with ±8,691 Individuals and Annual Household Income of ±$44,798 (10-Mile)
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 101 W Main Street in Homer, Louisiana (the “Property”). The vacant property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE!
Built in 1985, the Property consists of a one-story, free-standing retail building containing ±2,500 square feet on a ±0.396-acre parcel. The site is easily accessible via multiple ingress/egress curb cuts and over 145’ frontage along West Main Street (US-79) with traffic counts of 9,010 vehicles per day. Currently vacant, the Property was previously occupied by a service station. There is an ice machine and snow cone truck that pay a combined $4,200/year in rent to use the lot.
Homer is the parish seat of Claiborne?Parish in northwest Louisiana and features a historic downtown district centered on its courthouse square, designated as the Homer Historic District. With access via U.S.?Highway?79, proximity to Shreveport (50-miles south) and amenities like Lake Claiborne State Park, Homer offers a small-market opportunity for developers seeking low-barrier opportunities. The Property sits in a strong commercial corridor within a multi-county trade area and benefits from proximity to City Hall, Claiborne Memorial Medical Center, Homer High School, Dollar General, Ford Museum, and numerous nearby local retailers. The Property is positioned within an attractive trade area, serving ±8,691 residents with an average household income of ±$44,798 within a 10-mile radius.
Built in 1985, the Property consists of a one-story, free-standing retail building containing ±2,500 square feet on a ±0.396-acre parcel. The site is easily accessible via multiple ingress/egress curb cuts and over 145’ frontage along West Main Street (US-79) with traffic counts of 9,010 vehicles per day. Currently vacant, the Property was previously occupied by a service station. There is an ice machine and snow cone truck that pay a combined $4,200/year in rent to use the lot.
Homer is the parish seat of Claiborne?Parish in northwest Louisiana and features a historic downtown district centered on its courthouse square, designated as the Homer Historic District. With access via U.S.?Highway?79, proximity to Shreveport (50-miles south) and amenities like Lake Claiborne State Park, Homer offers a small-market opportunity for developers seeking low-barrier opportunities. The Property sits in a strong commercial corridor within a multi-county trade area and benefits from proximity to City Hall, Claiborne Memorial Medical Center, Homer High School, Dollar General, Ford Museum, and numerous nearby local retailers. The Property is positioned within an attractive trade area, serving ±8,691 residents with an average household income of ±$44,798 within a 10-mile radius.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
2,500 SF
Year Built
1985
Price
$50,000
Price Per SF
$20
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.40 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1730053111 | Improvements Assessment | $2,250 |
| Land Assessment | $3,000 | Total Assessment | $5,250 |
PROPERTY TAXES
Parcel Number
1730053111
Land Assessment
$3,000
Improvements Assessment
$2,250
Total Assessment
$5,250
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$1 Auction – 2,500 SF Retail Building | 101 W Main St
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