$1 Auction – Former 5,688 SF Restaurant | 75K VPD |… — Sale in West Monroe, LA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: West Monroe, LA 71291

Photos

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Description

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3352/retail/west-monroe/la Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 226 Blanchard Street in West Monroe, Louisiana is a vacant ±5,688 SF freestanding restaurant building on ±1.34 acres, offered significantly below replacement cost. Built in 2007 with a roof replaced in 2021, the property offers approximately 200 feet of frontage along Blanchard Street, ±50 surface parking spaces, and existing restaurant infrastructure suited for reuse as a restaurant, retail, entertainment, or service use. The site sits just off Interstate 20 in West Monroe's Thomas Road commercial district, positioned as an outparcel to Cinemark and surrounded by flagged hotels, national retailers, restaurants, and medical facilities. Traffic on nearby I-20 exceeds 74,800 vehicles per day, while the three-mile trade area includes roughly 38,384 residents and 32,522 daytime employees. Estimated retail market rent of $14 to $18 PSF offers additional lease-up potential for an investor or owner-user establishing a low-basis position in one of West Monroe's most active commercial corridors. Investment Highlights: • ABSOLUTE $1 AUCTION | Former 5,688 SF Restaurant | 75K VPD | 2007 Built | AUCTION OCTOBER 19-21 • 5,688 SF Freestanding Restaurant Building - The freestanding building sits on 1.34 acres, suited for restaurant, retail, or service reuse. • High-Exposure Site Off Interstate 20 - More than 74,800 vehicles pass daily along nearby I-20 in West Monroe's primary retail corridor. • Cinemark Outparcel Amid National Retailers - Flagged hotels, national retailers, and restaurants surround the site and drive consistent traffic. • 200 Feet of Frontage, 50 Parking Spaces - Blanchard Street frontage and ample paved parking support strong visibility and easy circulation. • Dense Three-Mile Consumer, Workforce Base - Roughly 38,384 residents and 32,522 daytime employ

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