900 Martin Luther King Junior Dr Monroe, LA 71203
This exceptional 20,165-square-foot warehouse/office property in Monroe, Louisiana, presents a unique investment opportunity. Situated on a 2.53-acre lot just one mile from I-20, this strategically located property offers easy access and high visibility. The property features two buildings, totaling 20,165 square feet of vacant space, with a flexible layout suitable for various uses. The main building boasts retail/showroom space, private offices, a breakroom, and a mezzanine office area. Multiple warehouse/workshop spaces are also available, featuring 20-foot eaves, 15 overhead doors, and drive-thru capabilities. The property includes 50 total parking spaces, 17 loading docks, and 17 drive-in bays. Extensive concrete and gravel parking/laydown yard space (45,800 SF) is complemented by a wash area and dedicated collection areas for used oil and antifreeze. The property is fully fenced with multiple access gates, enhanced security features including safety lighting and security cameras, and efficient gutter/drainage systems. Zoned B-3 General Business District, this property offers versatile amenities and multiple end uses, making it an ideal choice for businesses seeking a combination of office and warehouse space in a prime Monroe location. The property's APN numbers are 48135, 37441, 40305, 48216, 48267, 48026, and 52489, located in Ouachita County, Louisiana, with the address being 900 Martin Luther King Junior Drive, Monroe, LA 71203. Built in 1982, this single-tenant property offers a significant opportunity for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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