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Property profile & analytics
OFF-MARKET
Land

0 Ferrand St Monroe, LA 71201

0.72 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 0.72 ac (31,363 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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