137 Rowland Rd Monroe, LA 71203
- Commercial real estate
- 1,428 SF
- 0.50 lot acres
Current Use by Public Records
- James Harper's Barber Shop / Barber Shop
Property Details for 137 Rowland Rd
- Year built
- 1989
- Lot size
- 0.50 lot acres
- Property size
- 1,428 SF
- Property type
- Commercial real estate
- APN
- 55704
- APU
- 55704
Description
This exceptional commercial property at 137 Rowland Road in Monroe, Louisiana, presents a lucrative investment opportunity. The 1,514 square foot office building sits on a 0.51-acre lot and is ideally located with easy access from Highway 139. Currently configured as a barber shop with six stations (three barber, three beauty), including a shampoo station and dryer chair, the building also features a spacious waiting area and a separate office. A significant advantage is the additional living space at the rear, offering potential for extra rental income or retail lease. Further enhancing the income stream are three occupied trailers on the property, generating a combined monthly rental income of $1,800. This property offers a blend of established income and significant upside potential, making it an attractive investment for discerning buyers. The property's location and existing infrastructure provide a solid foundation for continued success and growth. The asking price is $209,000. Don't miss this chance to acquire a high-yield commercial property in a desirable Monroe location. The zip code is 71203, and the property is situated in Ouachita County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Ouachita
- State
- Louisiana
- Longitude
- -92.0132
- Latitude
- 32.5453
- CBSA code
- 33740
- CBSA name
- MONROE, LA METROPOLITAN STATISTICAL AREA
