322 Cheeks Road, West Monroe, LA, 71292

Property Details: • Type: Single Family Residence • Bedrooms: 4 • Bathrooms: 3.5 • Square Footage: 2,800 sq ft

Description: For Sale: Commercial Investment property finished in 2022. Current Appraisals on file. Listed below appraisal. Pre-Qualified Buyers only. Pre-Qualification letter required for showings. Copy of current appraisal available for qualified buyers.

Currently being used as a residence as well as in the process of being converted to a AirBnB, Event Center and Venue. "While the property could be used for a private residence or commercial office / warehouse space, per the appraisal on file the highest and best use is a AirBnb, Event Center, & Venue. Located only 1 mile from the I-20 corridor that provides positive access and exposure to the properties general location making it favorable for this type of property / use. High demand in this area due to other special event venues in the immediate vicinity of subject property. (Landry Vineyards, Southern Stables, Molto Bella, Thirsty Farmer, ect. Property is 4 miles from the Ike Hamilton & West Monroe Sports & Events Canter, 8 miles from Monroe Civic Center, 12 miles from Monroe Airport, 14 miles from Twin City Motorsports Park, 20 miles from Ruston Louisiana Tech, 24 miles from Caney Lake, 21 miles from Lake D'Arbonne, 36 miles from Meta Data facility Holly Ridge.

Utilities: Electrical Entergy, Water Cheniere Drew, Gas Atmos, Sewer Private.

AirBnB will accommodate occupancy of 10 - 12 people comfortably. Shop area / event space is 35 x 80 with four insulated garage doors. Plenty of room for truck and trailer parking for events at the Ike, Race Tracks, Fishing Tournaments, Travel / Ball Teams, over flow and after event overnight stays from listed above venues. About This Property: Come and see this one-of-a-kind beautiful property with so much to offer. This property has high ceilings, 8 ft doors, crown and base molding, stained cabinets, granite countertops, a master suite with an exquisite shower and wet room. Interior details..2,200 square ft of living area / Office Space - 4 bed rooms / Offices - 4 bathrooms - 35 x 80 (2,800 sq ft) shop area / event space w/ 4 insulated garage doors - 5,000 Square ft. total..all completely heated and cooled by (4) different sectioned off Heating / AC units, Heat and cool the entire space or just the areas being used. 1,000 square ft. covered pavilion on back that could be closed in or screened in. Approximately 30,000 35,000 square of parking area available.

Tentative Income

Air BNB income estimated to be on average $550 per night, with monthly vacancy rate of 35 %, results in a monthly income of $11,000 per month ($132,000 per year)

The property is versatile and could be used in conjunction with its function as a Air BNB as a special event venue such as, Family Reunions, Pre Wedding Events, Wedding Receptions, Prom & Graduation Parties, Corporate Events / Meetings, Baby Showers, Bridal Showers, Holiday Parties, Baseball / Football Parties, Church Events / Retreats.

(25) 3 hour events per year @ $450 minimum per event = $11,250 per year ($937.00 per month) (25) 6 hour events per year @ $650 minimum per event = $16,250 per year ($1,354.00 per month) (20) Private / Corporate semi-staged / staged events per year @ average of $1,500 - $1,750 minimum per event = $30,000 - $35,00 per year ($2,500 - $2,916 per month )

Tentative Total Incomes $15,791 - $16,208 per month / $189,500 - $194,500 per year

Additional adjacent 40 x 60 building and 0.75 acres also available to purchase, could be used for storage or rental building. Bringing in a additional $2,000 per month or $24,000 annually. Income not figured in above values; this would be in addition to the above income. Details, pictures, appraisal, pricing available upon request.

Zillow listing: https://www.zillow.com/.../322-Cheeks.../448146226_zpid/...

Owner Licensed Real Estate Agent. Contact Preston Yates @ 318.237.6686 or [email protected] for details or questions

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