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I-20 Corridor - 39 Acres/West of Lowe's at I-20 39 Acres of Commercial Land Offered at $2,730,000 in Monroe, LA 71202
Investment Highlights
- Located in retail center along Interstate 20 in Monroe
- Development opportunity
Executive Summary
September, 2022: I-20 Frontage Road Completed!
39 +/- Acres of Vacant/Raw Commercial Acreage for Development along I-20.
Located South of I-20; just West of Lowes Home Improvement.
All utilities available.
Highest Best Use: Retail/Commercial, Industrial, Multi-Family.
Annexation: City of Monroe.
This property along I-20, with an abundance of anchor stores, restaurants, hotels, and strip centers makes this an attractive investment for commercial development. Acreage is approximate (39+- acres). Buyer to survey for correct acreage determination.
The property does qualify for the Federal Economic District benefits currently governed by the City of Monroe and in place with boundaries on the Northside of I-20. Any benefits to be derived by an owner/developer are to be determined on a piece by piece basis by the I-20 Economic Development Board.
39 +/- Acres of Vacant/Raw Commercial Acreage for Development along I-20.
Located South of I-20; just West of Lowes Home Improvement.
All utilities available.
Highest Best Use: Retail/Commercial, Industrial, Multi-Family.
Annexation: City of Monroe.
This property along I-20, with an abundance of anchor stores, restaurants, hotels, and strip centers makes this an attractive investment for commercial development. Acreage is approximate (39+- acres). Buyer to survey for correct acreage determination.
The property does qualify for the Federal Economic District benefits currently governed by the City of Monroe and in place with boundaries on the Northside of I-20. Any benefits to be derived by an owner/developer are to be determined on a piece by piece basis by the I-20 Economic Development Board.
Property Facts
| Price | $2,730,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| Sale Conditions | Total Lot Size | 39.00 AC | |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | Parish | ||
| Price | $2,730,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 39.00 AC |
| Opportunity Zone |
Yes |
| Zoning | Parish |
1 Lot Available
Lot
| Price | $2,730,000 | Lot Size | 39.00 AC |
| Price Per AC | $70,000.00 |
| Price | $2,730,000 |
| Price Per AC | $70,000.00 |
| Lot Size | 39.00 AC |
39 +/- Acres along I-20 Service Rd located just West of Lowe's Home Improvement. New service road completed, 2022.
Description
39 +/- Acres along I-20 Service Rd. Located South of I-20; just West of Lowe's Home Improvement. Highest Best Use: Retail/Commercial, Industrial, Multi-Family. Annexation: City of Monroe This property along I-20, with an abundance of anchor stores, restaurants, hotels, and strip centers makes this an attractive investment for commercial development. Acreage is approximate (39+- acres). Buyer to survey for correct acreage determination.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,112 | Total Assessment | $1,112 |
Property Taxes
Parcel Numbers
Land Assessment
$1,112
Improvements Assessment
$0
Total Assessment
$1,112
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I-20 Corridor - 39 Acres/West of Lowe's at I-20
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