1045 Highway 107 - Freestanding FOR SALE


Center Point, LA 71323
$150,000 USD
305-206-1286
1045 Highway 107, Center Point, LA for Sale
$150,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

NEW


1045 Highway 107
Center Point, LA 71323


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | 1.32 Acres | AUCTION SEPTEMBER 23-25
  • 10,553 SF Freestanding Value-Add Retail on 1.32 Acres Available at Substantial Discount Below Replacement Cost
  • Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Dollar General, USPS, Centerpoint Family Practice, and more
  • Strategic Highway Frontage and Visibility on LA-Hwy 107 with Traffic Counts of 2,732 VPD
  • Flexible Zoning for a Variety for Redevelopment or Alternative Commercial Uses

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 1045 Highway 107 in Center Point, Louisiana 71323 (the “Property”). Formerly occupied by Family Dollar/Dollar Tree, the Property is offered significantly below replacement cost—providing an outstanding opportunity for owner-users or investors to acquire a highly visible commercial asset with highway frontage at a substantial discount. FIRST BID MEETS RESERVE! Built in 2022, the Property comprises a ±10,553-square-foot, single-story retail building situated on a ±1.3225-acre parcel (±57,606 SF) with 32 surface parking spaces. The site features excellent accessibility with one dedicated curb cut and ±253 feet of frontage along Highway 107—a primary local thoroughfare with ±2,732 vehicles passing daily. Previously operated under a triple net (NNN) lease by Family Dollar/Dollar Tree, the Property presents a compelling value-add opportunity to re-lease at market rates (CoStar estimated retail asking rent $9.46/sf NNN). The Property and surrounding areas are not subject to zoning ordinances, offering rare flexibility for re-use or alternative commercial uses. The mixed-use setting in the Center Point Community supports a variety of local/light commercial enterprises, enhancing long-term usability and investment upside. The Property is located in Center Point, Louisiana, a community in the northwest portion of Avoyelles Parish and part of the Central Louisiana region. Positioned directly along Louisiana Highway 107 with ±253 feet of frontage and direct curb-cut access, the site benefits from its proximity to U.S. Highway 165 (±3.5 miles west), a major north-south transportation corridor connecting the Alexandria-Pineville metro area (±17 miles southwest) to Monroe and southern Arkansas. Highway 107 serves as a key connector through Center Point and links surrounding towns such as Marksville (±25 miles southeast), Bunkie, and Lecompte, supporting steady local and regional traffic through the area. The corridor includes a growing cluster of light commercial/service uses serving the broader trade area and reinforcing the viability of highway-fronting retail. The Property is located adjacent to a family doctor and a Dollar General and lies within an extended trade area that draws from several nearby parishes. The Property benefits from proximity to Alexandria’s medical and institutional employment centers, including Rapides Regional Medical Center, CHRISTUS St. Frances Cabrini Hospital, and Louisiana State University of Alexandria (LSUA) all within 30-minutes. With a surrounding 10-mi population of ±18,753 along with an average household income exceeding $78k, and minimal zoning restrictions, the Property is well-positioned for long-term viability as a retail, service, or commercial investment in a flexible, underserved submarket of Central Louisiana.

FOR SALE DETAILS

PRICE

$150,000 USD

PRICE/SF

$14 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

-

APN/PARCEL ID

0010004000J

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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

Philip KatesMarcus & MillichapMore Info
305-206-1286

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