101 W Main St - Retail FOR SALE


Homer, LA 71040
$50,000 USD
301-706-4619
101 W Main St, Homer, LA for Sale
$50,000 USD
Retail - FOR SALE
1/10
null | Request Cap Rate

101 W Main St
Homer, LA 71040


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | 2,500 SF Retail Building | 9K VPD Traffic Count | AUCTION DECEMBER 15-17
  • 2,500 SF Retail Outparcel to Dollar General Shopping Center in Homer, Louisiana
  • Ice Machine and Snow Cone Truck Use Lot and Pay $4,200/Year in Rent
  • 9,010 VPD Traffic Counts with Highway Frontage and Visibility on US Hwy 79 (W Main Street) in Strong Commercial Corridor
  • Surrounding Traffic Generators: Dollar General, Brookshire’s Supermarket, McDonald’s, Subway, High School, City Hall, Claiborne Memorial Medical
  • Attractive Demographics with ±8,691 Individuals and Annual Household Income of ±$44,798 (10-Mile)

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 101 W Main Street in Homer, Louisiana (the “Property”). The vacant property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE! Built in 1985, the Property consists of a one-story, free-standing retail building containing ±2,500 square feet on a ±0.396-acre parcel. The site is easily accessible via multiple ingress/egress curb cuts and over 145’ frontage along West Main Street (US-79) with traffic counts of 9,010 vehicles per day. Currently vacant, the Property was previously occupied by a service station. There is an ice machine and snow cone truck that pay a combined $4,200/year in rent to use the lot. Homer is the parish seat of Claiborne?Parish in northwest Louisiana and features a historic downtown district centered on its courthouse square, designated as the Homer Historic District. With access via U.S.?Highway?79, proximity to Shreveport (50-miles south) and amenities like Lake Claiborne State Park, Homer offers a small-market opportunity for developers seeking low-barrier opportunities. The Property sits in a strong commercial corridor within a multi-county trade area and benefits from proximity to City Hall, Claiborne Memorial Medical Center, Homer High School, Dollar General, Ford Museum, and numerous nearby local retailers. The Property is positioned within an attractive trade area, serving ±8,691 residents with an average household income of ±$44,798 within a 10-mile radius.

FOR SALE DETAILS

PRICE

$50,000 USD

PRICE/SF

$20 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction – 2,500 SF Retail Building

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

-

APN/PARCEL ID

1730053111

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.