1001 Martin Luther King Jr. Drive

Monroe, LA

Multi-Use for Sale - 3,075 Sq. Ft. on 0.75 acres


Agent Info

Edward Durnil
Tranzon Asset Advisors

Property Info

CIMLS#1132094
Location
  1001 Martin Luther King Jr. Drive
  Monroe LA 71203
UpdatedSeptember 8th, 2022
TypeMulti-Use
PriceUpon Request
Building3,075 Sq. Ft.
Land0.75 acres

Property Description

Online Auction – High Visibility Former Restaurant

Freestanding 3,075 SF Former Restaurant in Monroe, LA. Great visibility and high traffic count.

The building is adjacent to a Motel 6 and a Red Roof Inn.

3,075 SF Built in 1985

Land Area Gross: 0.754 AC’s or 32,844.24 SF +|- of land

Located in Opportunity Zone

Adjacent to Motel 6 & Red Roof Inn

Traffic Count: 41,891 Cars per Day along MLK Jr. Dr.

Flood Hazard: X500 or B Zone, Panel 22073C0165F

Approx. 138.58’ +|- Road Frontage on MLK Jr. Dr.

Approx. 286.60’ +|- Road Frontage on Harvester Dr.

Zoning: B-3, General Business/Commercial District

Topography: Generally, Level and at Street Grade

Utilities:

Electricity: On Site

Water/Sewer: City

Access: (2) Ingress/Egress Points

Parking: Concrete, 56 Spaces

Immediate proximity to I-20 & Hwy 165

Market Area: Monroe is the largest city in Northeast Louisiana and home to the University of Louisiana Monroe.

Property Address: 1001 Martin Luther King Jr. Drive, Monroe, LA 71203

Online bidding ends October 11th at 2:00 PM CT

Inspection: Tuesday, October 4th at 11:00 AM CT

Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, LA Auctioneer #LA-2117

10% Buyer's Premium and other terms apply.

Please contact Kelly Toney, CAI, 713-816-1123 or ktoney@tranzon.com


Financials