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    401 Sherrouse Ave Monroe, LA 71203
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    401 Sherrouse Ave, Monroe, LA 71203

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    • Schools
    • 14,607 SF
    • 1.50 lot acres
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Refuge Church / Church

    Property Details for 401 Sherrouse Ave

    Year built
    1985
    Lot size
    1.50 lot acres
    Property type
    Schools
    Property subtype
    Churches & religious facilities

    Description

    This exceptional 14,607 square foot property, situated on a generous 1.5-acre lot in Monroe, Louisiana, presents a unique investment opportunity. Ideally located near a local college, this substantial building offers significant potential for a variety of uses. The main sanctuary boasts 4,300 square feet of well-maintained space, perfect for large gatherings or adaptable to diverse needs. In addition to the sanctuary, there are 10,300 square feet of classrooms and administrative areas, providing ample room for offices, learning spaces, or other functional areas. The property includes extensive parking, ensuring convenient access for occupants and visitors. The building is being sold in its current "as is" condition, allowing for creative renovation and customization to suit the buyer's specific vision. Given its size, location, and versatile layout, this property is well-suited for a range of purposes, from religious institutions to educational facilities or even potential conversion into commercial space. The substantial acreage offers further possibilities for expansion or development. This is a rare opportunity to acquire a significant property in a desirable location. Serious inquiries are encouraged.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Monroe
    County
    OUACHITA
    State
    Louisiana
    Longitude
    -92.0696
    Latitude
    32.5235
    More about this property
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