3,028 SF Office on a Corner Lot!

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30179947
Property Subtypes: Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 3,028 SF
Gross Building Area: See Agent
Gross Land Area: 0.42 Acres
Sale Price: $287,000
Unit Price: $94.78 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2017

Overview / Comments

3,028 SF Office Space on a .419 +/- acre Corner Lot with multiple uses, opportunities and potential! New Roof - 2017! The main part of this professional office building contains 2,000 SF of office and/or exam room space on the right side and an additional 1,028 SF to the left. *The additional SF is also heated/cooled. (See Floor Plan attached for layout of entire building.)

Possible Uses/Rooms: 6-8 separate office/work areas. Reception, Lobby/Waiting Room, Break Room, Extra Storage, Laundry, Utility/IT, 3 Closets, Stock Room, Supply Room. 2 Private Handicapped-Accessible Restrooms.

**The Utility/IT Closet houses a voice-over internet phone system.**

Flooring Systems: Tile throughout the 2,000 SF office area. Sealed/polished concrete in the additional heated/cooled 1,028 SF.

Exterior: Free Standing/Masonry. Construction: Brick Veneer. Roof: New! 2017 Fiberglass/Gabled. Parking Surface: Large Parking Area in front including a handicapped-accessible space with additional parking in rear as well. Professional Landscaping with Security Systems in place.

Both Ferrand Street and Westminster Avenue are asphalt-surfaced, 2-laned with open ditch drainage and overhead utilities. Public electricity, gas, water and sewer - all available. Surrounding Land Use: Commercial, industrial, special-purpose.

The defined neighborhood is located in the central northwestern portion of Monroe, Louisiana - about 1/2 mile north of the older Monroe Central Business District and about 3 1/2 miles northwest of the primary Pecanland Mall retail area. The neighborhood boundaries are defined by Forsythe Avenue on the North, Washington/Lamy Connector on the South, U.S. Highway 165 on the East and Riverside Drive on the West.

Primary North-South traffic arteries include North 18th Street, North 19th Street, Oliver Road, Lamy Lane and U.S. Highway 165. Primary East-West traffic arteries include Louisville Avenue, Forsythe Avenue, and Washington/Lamy Lane Connector.

The neighborhood has had a recent development boom over the past several years, with the combination of the Plaza Shopping Center, the Wal-Mart Supercenter, the Books-A-Million bookstore, Walgreens, Rite Aid, the recently renovated OIB Plaza, along with several banks. All this new development, coupled with the close proximity of upper quality, north side of Monroe residential development should ensure that neighborhood retail trade and traffic flow will continue to grow.

Additional Details

Nearest MSA: Monroe
County: Ouachita
Taxing Authority: Ouachita Parish
Zoning: B-2
Property Located Between: Evangeline Street and Westminster Ave
Property Visibility: Good
Highway Access: Hwy 165/ Hwy 80/ Interstate 20
Airports: Monroe Regional Airport - 12 min (4.2 mi) via Central Ave
Site Description: Site Description: 18,260 SF Corner Lot - 115 FF along west side of Ferrand Street and 150.60 FF along the south side of Westminster Avenue. Both Ferrand Street and Westminster Avenue is asphalt-surfaced, 2-laned with open ditch drainage and overhead utilities. Public electricity, gas, water and sewer - all available. Surrounding Land Use: Commercial, industrial, special-purpose.
Area Description: The defined neighborhood is located in the central northwestern portion of Monroe, Louisiana - about 1/2 mile north of the older Monroe Central Business District and about 3 1/2 miles northwest of the primary Pecanland Mall retail area. The neighborhood boundaries are defined by Forsythe Avenue on the North, Washington/Lamy Connector on the South, U.S. Highway 165 on the East and Riverside Drive on the West. Primary North-South traffic arteries include North 18th Street, North 19th Street, Oliver Road, Lamy Lane and U.S. Highway 165. Primary East-West traffic arteries include Louisville Avenue, Forsythe Avenue, and Washington/Lamy Lane Connector. The neighborhood has had a recent development boom over the past several years, with the combination of the Plaza Shopping Center, the Wal-Mart Supercenter, the Books-A-Million bookstore, Walgreens, Rite Aid, the recently renovated OIB Plaza, along with several banks. All this new development, coupled with the close proximity of upper quality, north side of Monroe residential development should ensure that neighborhood retail trade and traffic flow will continue to grow.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1998
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Style/Building: Free Standing/Masonry. Construction: Brick Veneer. Roof: Fiberglass/Gabled. Parking Surface: Large Parking Area in front including a handicapped-accessible space with additional rear parking as well. Professional Landscaping with Security Systems in place.
Parking Description: Concrete Surface Parking for 10+ Spaces and 1 Handicapped Accessible Space.
Total Parking Spaces: 10
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Interior Description: 3,028 SF on a .419 +/- acre corner lot with mutiple uses, opportunities and potential! The main part of this professional office building contains 2,000 SF of office and/or exam room space on the right The housing of SF is naturally divided with 2,000 SF of current office and/or exam room space on the right and an additional heated/cooled 1,028 SF to the left. (See Floor Plan attached for layout of entire building.) Possible Uses/Rooms: 6-8 separate office/work areas. Reception, Lobby/Waiting Room, Break Room, Extra Storage, Laundry/Utility/IT, 3 Closets, Stock Room, Supply Room. 2 Private Handicapped-Accessible Restrooms. Telephone System Available. Tile and Sealed Concrete Flooring Systems.
Zoning Description: B-2
Lot Frontage: 115 Feet
Lot Depth: 150 Feet
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: LOT 6 UNIT 1 ST. FREDERICKS ADDNBEING A SUB OF PORTION SQ 4UNIT 3 BREARD PLACE

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,128 45,937 79,952
Median Age: 29.12 33.86 34.21
Households: 1,809 18,796 32,175

Contact

Photograph of Listing Agent

Jason Thomas

John Rea Realty
Monroe, LA
LACDB Member
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