For Auction
Asset Snapshot
Investment Highlights
Offering Summary
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.
Due Diligence
Location
The site sits just off Interstate 20 in West Monroe's Thomas Road commercial district, where nearby traffic exceeds 74,800 vehicles per day. Positioned as a Cinemark outparcel, the property is surrounded by flagged hotels, national retailers, restaurants, and medical facilities serving a three-mile trade area of roughly 38,384 residents and 32,522 daytime employees.
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Buyer pays a minimum platform fee of 5% or $20,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
