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    2701 Oliver Rd Monroe, LA 71201

    Sponsored
    For Sale
    $349,000

    Six-unit commercial building, vacant, great location.

    Property size:
    5,976 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 2701 Oliver Rd in Monroe, Louisiana, presents a compelling investment opportunity. The 5,976 square foot building, constructed in 1961, sits on a 0.51-acre lot and boasts six individual units, currently vacant, offering immediate potential for rental income. The property is zoned for commercial use and features ample parking with 10 spaces available. Its strategic location in North Monroe, near Forsythe, ensures high visibility and significant daily traffic, making it ideal for a variety of businesses. The asking price is $349,000, translating to a price per square foot of $58.40. The single-story building offers a flexible layout adaptable to diverse commercial needs. This is a rare opportunity to acquire a well-situated, multi-unit commercial property in a thriving area of Monroe, Louisiana. The property's size, location, and vacancy status make it an attractive investment for both seasoned and emerging commercial real estate investors. Don't miss this chance to secure a prime commercial asset in a high-traffic area.

    Property Features for 2701 Oliver Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,976 SF
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1961
    Stories
    1
    Units
    6

    HighLights

    • 5,976 SF mixed‑use building on a 0.51‑acre lot in Monroe, LA.
    • Six vacant units offering immediate rental income potential.
    • Located in North Monroe near Forsythe, ensuring high visibility and traffic.
    • Ample parking with 10 spaces.
    • Asking price: $349,000 ($58.40/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Cajun Mobility Wheelchair Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita Parish
    State
    Louisiana
    Longitude
    -92.1078348
    Latitude
    32.5417921

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    FAQs

    What type of property is this?
    Individual retail property - Six-unit commercial building, vacant, great location.
    Where is this individual retail property located?
    The property is located at 2701 Oliver Rd Monroe, LA.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: 5,976 SF mixed-use building on a 0.51-acre lot in Monroe, LA.; Six vacant units offering immediate rental income potential.; Located in North Monroe near Forsythe, ensuring high visibility and traffic.
    Request Owner's contact information
    2701 Oliver Rd 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
    2701 Oliver Rd Monroe, LA 71201
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