$1 Auction – Former 5,688 SF Restaurant | 75K VPD | 2007 Built

Starting Bid $1

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 226 Blanchard Street in West Monroe, Louisiana is a vacant ±5,688 SF freestanding restaurant building on ±1.34 acres, offered significantly below replacement cost. Built in 2007 with a roof replaced in 2021, the property offers approximately 200 feet of frontage along Blanchard Street, ±50 surface parking spaces, and existing restaurant infrastructure suited for reuse as a restaurant, retail, entertainment, or service use. The site sits just off Interstate 20 in West Monroe's Thomas Road commercial district, positioned as an outparcel to Cinemark and surrounded by flagged hotels, national retailers, restaurants, and medical facilities. Traffic on nearby I-20 exceeds 74,800 vehicles per day, while the three-mile trade area includes roughly 38,384 residents and 32,522 daytime employees. Estimated retail market rent of $14 to $18 PSF offers additional lease-up potential for an investor or owner-user establishing a low-basis position in one of West Monroe's most active commercial corridors.

5,688 SF Former Restaurant Building: Built in 2007 with a roof replacement in 2021, situated on approximately 1.34 acres of land.

200 Feet of Blanchard Street Frontage: Approximately 50 surface parking spaces remain in place from the prior restaurant use.

Outparcel to Cinemark Near Interstate 20: Nearby I-20 traffic exceeds 74,800 vehicles per day within the Thomas Road district area.

$14 to $18 PSF Estimated Market Rent: Three-mile trade area counts 38,384 residents and 32,522 daytime employees close by today.

Auctioneer: Lamar P. Fisher

Auctioneer License: 1983

Auctioneer Company: Fisher Auction Company Inc.