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.