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    801 31St St Monroe, LA 71201

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    For Lease
    Contact for pricing

    Spacious Office, 12+ Suites, 0.67 Acres

    Lot size:
    2,909 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional office building, located at 801 N 31st Street in Monroe, Louisiana, presents a unique investment opportunity. The property boasts a total of 2,909 square feet situated on a sizable 0.67-acre lot in Ouachita Parish. The building currently features twelve individual office spaces, perfectly suited for a variety of business needs. Convenient amenities include two restrooms, a fully equipped kitchen, and a designated breakfast area. Detailed floor plans are available upon request, showcasing the efficient layout of the existing office spaces. For businesses requiring additional space, there's an option to expand into four more offices for an additional monthly rental fee of $1,500. The building's location is easily accessible, with clear directions provided: from Louisville Avenue, proceed north on Lamy Lane, turn right onto Desoto Street, and then left onto North 31st Street. This property is ideal for a single tenant seeking ample space or multiple tenants looking for individual suites within a shared building. The single-suite configuration offers flexibility and control. This is a rare opportunity to acquire a well-maintained office building in a desirable location. The property's size and amenities make it an attractive option for a range of businesses.

    Property Features for 801 31St St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,909 SF

    HighLights

    • 2,909 SF Office Building in Ouachita Parish, LA
    • Multiple Tenant Office Building on a 0.67‑acre lot
    • Twelve individual office spaces, two restrooms, kitchen, and breakfast area
    • Potential for four additional offices for an extra $1,500/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Goodwill Industries of North ... Social Services Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita Parish
    State
    Louisiana
    Longitude
    -92.0896965
    Latitude
    32.5305526

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious Office, 12+ Suites, 0.67 Acres
    Where is this office property / space located?
    The property is located at 801 31St St Monroe, LA.
    What are key features of this property?
    This property features: 2,909 SF Office Building in Ouachita Parish, LA; Multiple Tenant Office Building on a 0.67-acre lot; Twelve individual office spaces, two restrooms, kitchen, and breakfast area
    Request Owner's contact information
    801 31St St Monroe, LA 71201
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    Monroe, LA 71201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    801 31St St Monroe, LA 71201
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