$1,525,000
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2399 FERRAND STREET Monroe, LA 71201
Mixed Use
Residence
Beds
8
Baths
...
Bed/Bath
8,160
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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Investor Opportunity! Monthly income AND ability to grow! Fully-occupied 8-Suite Business Center (8% CAP Rate!) plus 2 adjacent lots just off Tower Dr/Armand-Connector. The Business Center was built to provide inexpensive, ready-to-go suites that provide a mix of industrial and high-end office sp...ace. Each suite has 800 SF of warehouse/storage space equipped with 12' roll-up doors and 14' ceilings as well as 200 SF of office space with 1 handicapped-accessible restroom. Contact listing agent for rent roll and financial information. Adjacent lots are perfectly sized for most professional offices, retail, medical, dental or restaurant end-uses. Centrally located with close proximity to Monroe's business, medical, financial and university corridors. Excellent visibility and ease of access from Armand-Connector/Ferrand Street to Hwy 165/Sterlington Rd and I-20. Lot 1 offers .73 AC fronting Armand Connector priced at $9.95 PSF. Lot 2 offers .92 AC fronting Ferrand Street priced at $8.50 PSF. Total Available: 1.65 AC. Not in a Flood Zone. Restrictions per B-2 Neighborhood Business District. All utilities available to site.
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MLS#
209683
Property Type
Mixed Use
Bathrooms
Year Built
2016
Square Feet
8,160
sq. ft
Lot Size
2.42
Sewer
Public Sewer
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