3001 Cypress St, West Monroe, LA 71291
- Retail properties & Spaces
- 6,801 SF
- 0.17 lot acres
Current Use by Public Records
- The Chalk Board & Gifts / (Bike/Boat/Book/etc) Store
Property Details for 3001 Cypress St
- Lot size
- 0.17 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Land
Description
This exceptional investment opportunity encompasses two buildings totaling 6,801 square feet situated on a 0.17-acre lot at 3001 & 3003 Cypress Street in West Monroe, Louisiana, 71291. The property boasts a prime location near Super 1 Foods, ensuring high visibility and foot traffic. One building features warehouse space with three roll-up doors, six or more offices, a showroom, reception area, break room, and a recently renewed five-year lease at $2,475 per month. This building also benefits from an eight-year-old metal roof, updated HVAC, wiring, plumbing, instant hot water, and extra insulation. The second building, currently vacant, offers a projected monthly lease income of $2,900. This building includes a large reception area, four to five offices, ample cabinet/shelf space, a 28x33 back room with a sink and dishwasher, and ten fenced-in areas, plus several additional rooms. It also features a new metal roof (installed approximately eight years ago), fresh interior and exterior paint, and a potential triple-net lease. The property includes a cyclone-fenced rear area and a garage. This property presents a unique opportunity to lease both buildings for substantial income or utilize one building while leveraging the income from the leased building to offset mortgage payments. The asking price is $598,500.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Monroe
- County
- Ouachita
- State
- Louisiana
- Longitude
- -92.1521
- Latitude
- 32.5171
