2399 Ferrand St - Showroom FOR SALE


Monroe, LA 71201
$875,000 USD
318-261-0892
2399 Ferrand St, Monroe, LA for Sale
$875,000 USD
Showroom - FOR SALE
1/8
null | 9.83% Cap Rate

2399 Ferrand St
Monroe, LA 71201


HIGHLIGHTS

  • Excellent Exposure
  • Very-well maintained
  • Centrally located in Business District

OVERVIEW

Investor Opportunity – 8-Suite Business Center + 1.65 AC Development Land. Take advantage of this high-yield investment that brings a 9.82% CAP rate at full occupancy! The Business Center features eight (8) turnkey suites, each offering a versatile mix of warehouse and office space ideal for small businesses, trades, or service providers. Property Features: Each Suite: ±1,000 SF total | ±800 SF warehouse + ±200 SF office. Warehouse: 14’ ceilings, 12’ roll-up doors. Office: Private entrance, climate-controlled, ADA-compliant restroom. Designed for affordability and functionality. Development Land (Adjacent): Lot 1: 0.73 AC fronting Armand Connector. Lot 2: 0.92 AC fronting Ferrand Street. Total Available: 1.65 AC. Zoning: B-2 Neighborhood Business District. Utilities: All available at site. Not in a Flood Zone. Location Highlights: Prime visibility with easy access to Tower Dr, Ferrand Street, Hwy 165/Sterlington Rd, and I-20. Centrally located near Monroe’s medical, business, university, and financial districts. Ideal for future development: Professional office, medical, retail, or restaurant use. Seller blueprints for future expansion included with purchase. Contact listing agent for additional details.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

9.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Business Center + 1.65 AC / 9.82% CAP

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Storefront Retail/Office, Showroom, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

8

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.62

LAND SF

27,007

ZONING

B-2

APN/PARCEL ID

106746

ASK ABOUT THIS PROPERTY

Jennifer CauseyJohn Rea RealtyMore Info
318-261-0892

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Jennifer CauseyJohn Rea RealtyMore Info
318-261-0892

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.