Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2907/ 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. Zoned B-2 (Highway Business), the site accommodates a wide range of retail, service, and commercial uses, providing significant operational flexibility for future tenants or an owner-user. 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.