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 ACs 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
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% Buyers Premium and other terms apply.
Please contact Kelly Toney, CAI, 713-816-1123 or [email protected]
Name of Property: Broken Bow Development 178 acres
Acreage: 178 Acres
Location: 20 Min. S of Hochatown, OK, 3 hrs N of Dallas
Closest Town: Broken Bow, OK
Access: Paved County Road
Topography: Gently rolling to rolling
Improvements: Home, barn, shop, fencing, ponds
Water: Ponds and beautiful seasonal stream
Wildlife: Whitetail deer, turkey, squirrels, dove, etc.
Utilities: Rural water, electric, septic system
Development Potential: Opportunity and HUB Zones
This 178 acres is located, in both a HUB Zone and an Opportunity Zone, at the gateway to Hochatown, Oklahoma, just northwest of Broken Bow. The development boom is in full swing and the opportunities are tremendous. Broken Bow is touted as being the 2nd fastest growing tourist destination in the U. S. and is a popular destination for visitors from many surrounding and distant states. Current census has available rentals at 1800, up from 600 in 2018. The majority of these rentals are well appointed with hot tubs, shuffleboard, grills, decks, fire pits, fireplaces and other amenities.
The terrain is flat to gently rolling forests and meadows. Large hardwoods add character, and appeal to the property, and provide privacy breaks. There are also open grass areas amenable to commercial or entertainment venue development without having to clear timber. Four ponds and a meandering seasonal stream are in place to add ambiance to multiple building locations. Located conveniently for visitors coming in from the south, east or west, as Google Maps is already directing traffic past the property from the west in route to Hochatown. There is one 2080 sq. ft. home on the land, as well as a barn and shop. An additional adjoining 170 acres is also for sale at the same price per acre. (See the Broken Bow Development 170).
Utilities: A six-inch water main line and a 2.5-inch line run along the north boundary; Electricity is already at multiple locations on the land. Oklahoma Natural Gas has a main line just west of the property.
Access: Paved County Road frontage along the north boundary. The property lies 1.25 miles west of State Highway 259, and ¾ mile East of State Highway 3.
Zoning: The property is located outside city limits and is not restricted by zoning.
Existing Structures (house): 2080 sq. ft. home. One barn and one shop building.
Taxes: $2,743.66 (current/year)
Area attractions: Sited in the foothills of southeastern Oklahoma, the Ouachita National Forest contains the beautiful Kiamichi Mountains and Beavers Bend State Park. Within the park is the 14,000 acre Broken Bow Lake which is 22 miles in length, beautifully nestled within the foothills with Pine timber lining the shorelines. The lake provides activities such as kayaking, boating, canoeing, swimming, skiing, fishing (including Trout below the dam), and other water sports. Relax and refresh at one of the many restaurants, gift shops, wine tasting venues, Beavers Bend Mining Company, The Maze (a 29,000 sq. ft. outdoor wooden maze), Cedar Bluff Nature Trail, Forest Heritage Tree Trail along Beaver Creek, Forest Heritage Center, David Boren Hiking Trail (and many smaller trails), horseback riding, miniature golf, ziplining, and mountain biking. In the Fall make sure you take a drive through the majestic Talimena National Scenic Byway to view the beautiful colors of season.
Hochatown, OK 8 miles
Dallas, TX-3 hours
Oklahoma City, OK -3.75 hours
Springfield, MO- 5.5 hours
Fayetteville, AR-3.1 hours
Texarkana, TX 1.5 hours
Tyler, TX- 2.5 hours
Shreveport, LA-2.5 hours
Denton, TX- 3.2 hours
Ft. Smith, AR- 2.2 hours
Tulsa, OK- 3.15 hours
Call Sandy Brock Bahe at 918-470-4710 or Toll Free at 844-WCR-LAND.
DISCLAIMER: The information contained herein is as obtained by this broker from sellers, owners, or other sources. This information is considered reliable, neither this broker nor owners make any guarantee, warranty or representation as to correctness of any data or descriptions and the accuracy of such statements. The correctness and / or accuracy of any and all statements should be determined through independent investigation made by the prospective purchaser. Any offer for sale is subject to prior sale, errors and omissions, change of price, terms or other conditions or withdrawal from sale in whole or in part, by seller without notice and at the sole discretion of seller. Readers are urged to form their own independent conclusions and evaluations in consultation with legal counsel, accountants, and/or investment advisors concerning and all material contained herein.