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

  1001 Martin Luther King Jr. Drive
  Monroe LA 71203
UpdatedSeptember 8th, 2022
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


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