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    Ferrand St Monroe, LA 71201

    Sponsored
    For Sale
    $595,000

    Prime Commercial Lots, Hwy 165 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional offering presents two prime commercial lots totaling 1.65 acres (71,816.47 sq ft) in Monroe, Louisiana's thriving Tower-Armand Business Park. Ideally situated near the intersection of Armand Connector/Ferrand Street, Hwy 165/Sterlington Road, and I-20, this property boasts excellent visibility and accessibility. Lot 1 encompasses 0.725 acres (31,584.38 sq ft) and Lot 2 covers 0.923 acres (40,232.09 sq ft). The combined asking price is $595,000, representing a significant owner's discount. Zoned B-2 (Neighborhood Business District), the land is suitable for a variety of commercial uses, including professional offices, retail spaces, medical facilities, dental practices, or restaurants. All utilities are available on-site, and the property is conveniently located near Monroe's business, medical, financial, and university districts. The property is not located in a flood zone, adding to its desirability. APN: 106746. This is a rare opportunity to acquire strategically located commercial land in a high-growth area.

    Property Features for 0 Ferrand St

    General Information

    Property type
    Land
    Lot Size
    31,363 SF

    HighLights

    • $595,000 asking price for two commercial lots totaling 1.65 acres.
    • B‑2 zoning permits various commercial uses.
    • Lots located in Monroe, LA, near Hwy 165 and I‑20, offering excellent visibility and access.
    • Proximity to Monroe's business, medical, financial districts, and the University of Monroe.
    • Owner offering a discount: purchase both lots for $595,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Ouachita Parish
    State
    Louisiana
    Longitude
    -92.083333573472
    Latitude
    32.529287430487

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lots, Hwy 165 Access
    Where is this land located?
    The property is located at Ferrand St Monroe, LA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: $595,000 asking price for two commercial lots totaling 1.65 acres.; B-2 zoning permits various commercial uses.; Lots located in Monroe, LA, near Hwy 165 and I-20, offering excellent visibility and access.
    Request Owner's contact information
    Ferrand 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
    Ferrand St Monroe, LA 71201
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