18284 Highway 190 - Freestanding FOR SALE


Reeves, LA 70658
$105,000 USD
305-206-1286
18284 Highway 190, Reeves, LA for Sale
$105,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

18284 Highway 190
Reeves, LA 70658


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | 1.1 Acres | AUCTION SEPTEMBER 23-25
  • 10,642 SF Freestanding Value-Add Retail on 1.1 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, City Hall, Reeves High School, and more
  • Strategic Highway Frontage and Visibility on Ronald Reagan Hwy with Traffic Counts of 2,901 VPD and Just Off LA-113
  • Flexible Zoning for a Variety for Redevelopment or Alternative Commercial Uses

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 18284 Highway 190 in Reeves, Louisiana 70658 (the “Property”). Formerly occupied by Family Dollar/Dollar Tree, the Property is being offered significantly below replacement cost—providing an excellent opportunity for owner-users or investors to acquire a highly visible commercial asset at a substantial discount. FIRST BID MEETS RESERVE! Built in 2022, the Property consists of a one-story, free-standing retail building totaling ±10,642 gross square feet, situated on a ±1.0962-acre parcel (±47,750 SF) with 30 total surface parking spaces. The Property offers prime highway exposure along Ronald Reagan Highway (Hwy-190, U.S. Route 190 or US-190), with ±2,901 vehicles per day (VPD), located just east of its intersection with Highway 113, which sees an additional ±1,325 VPD. The site benefits from three road frontages—193 feet along Highway 190, 176 feet along Rhorer Alley, and 188 feet along Edith Avenue—along with excellent accessibility via dual curb cuts on both Highway 190 and Edith Avenue. Previously operated under a triple net (NNN) lease by Family Dollar/Dollar Tree, the asset presents a compelling value-add opportunity for repositioning and lease-up at market rents (CoStar estimated asking rents of $9.07/SF NNN). The Property and surrounding area are not subject to zoning ordinances, offering rare flexibility for re-use or alternative commercial applications. The Property is located in Reeves, Louisiana, a small village in Allen Parish situated along U.S. Highway 190, one of the region’s primary east-west corridors connecting Kinder (±14-mi east) with DeRidder (±25-mi west) and the broader Lake Charles metro area. This location offers highway frontage with steady daily traffic, serving both local residents and regional through-travelers. Reeves lies within a multi-parish trade area supported by agriculture, timber, and light industrial activity. The Property benefits from proximity to regional employers and infrastructure such as Union Pacific rail lines and connections to Highways 113 and 26. Local services include nearby schools, fuel stations, and commercial establishments like Dollar General, reinforcing the long-term viability of highway-fronting retail in this corridor. The Property has over 6,000 residents within an expanded 10-mi area with an average household income (AHHI) of nearly $75k. With minimal zoning restrictions, a growing residential base, and an extended trade area underserved by national retail, the Property is well-positioned for redevelopment or re-leasing to a variety of retail, service, or essential use tenants.

FOR SALE DETAILS

PRICE

$105,000 USD

PRICE/SF

$10 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

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

0.82 AC

LAND SF

35,816 SF

ZONING

-

APN/PARCEL ID

033-0011030

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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