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2399 Ferrand St Monroe, LA 71201

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8-suite business center with 1.65 AC development land.

Type:Mixed Use, Office, Retail
Property size:
8,000 SF
Lot size:
1.65 Acres
Added:
Apr 2, 2024
Days on Market:
746
Last Refresh:
Mar 17 at 1:25 pm

Property Features for 2399 Ferrand St

General Information

Standard status
Active
Size
8,000 SF
Lot size
1.65 Acres
Property subtype
Mixed Use, Office, Retail

Building Details

Year Built
2016

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Listing Contact
Jennifer Causey

Listing agent Jennifer Causey License #LA995693195

Listing office John Rea Realty

Listing date Apr 2, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of John Rea Realty


Overview

Business Center with Development Land

This property presents an investor opportunity featuring an 8-suite business center along with 1.65 acres of development land. The business center comprises eight suites, each offering a mix of warehouse and office space suitable for small businesses, trades, or service providers. Each suite provides approximately 1,000 square feet, including approximately 800 square feet of warehouse space and approximately 200 square feet of office space. The warehouse areas feature 14-foot ceilings and 12-foot roll-up doors. The office areas include a private entrance, climate control, and an ADA-compliant restroom. The adjacent development land consists of two lots: Lot 1, which is 0.73 acres and fronts Armand Connector, and Lot 2, which is 0.92 acres and fronts Ferrand Street. The zoning is B-2 Neighborhood Business District, and all utilities are available at the site. The property is not in a flood zone. The location provides visibility and access to Tower Drive, Ferrand Street, Highway 165/Sterlington Road, and I-20. It is centrally located near Monroe’s medical, business, university, and financial districts. The location is suitable for professional office, medical, retail, or restaurant use. Blueprints for future expansion are included with purchase.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

The Swallowing Clinic of NELA Physician Extreme Shades Pro ... Interior Design Where Da Party At (Bike/Boat/Book/etc) Store Millennial Cookie (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Monroe
County
Ouachita
State
Louisiana
Longitude
-92.082516
Latitude
32.531224

FAQs

What type of property is this?
Mixed-use property - 8-suite business center with 1.65 AC development land.
Where is this mixed-use property located?
The property is located at 2399 Ferrand St Monroe, LA.
What is the asking price?
The asking price for this property is $1,378,697.
What are key features of this property?
This property features: High‑yield investment opportunity with an impressive 9.82% CAP rate at full occupancy.; Includes an 8‑suite business center with turnkey warehouse and office spaces.; Additional 1.65 AC of development land with B‑2 zoning suitable for various commercial uses.
More about this property
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