120 Professional Dr West Monroe, LA 71291
- Office Properties & Spaces
- 0.28 lot acres
Current Use by Public Records
- L. King Scott, DDS / Dental Implants Periodontist / Dental Implants Provider
Property Details for 120 Professional Dr
- Year built
- 1980
- Lot size
- 0.28 lot acres
- Property type
- Office Properties & Spaces
- APN
- 72850
- APU
- 72850
Description
This exceptional commercial property at 120 Professional Drive, West Monroe, Louisiana, presents a unique investment opportunity. The 3,646 square foot office building sits on a 0.36-acre lot and offers a versatile layout ideal for a single business or multiple occupants. The space boasts seven private offices or treatment rooms, perfect for various professional uses. One office includes a private bathroom, enhancing privacy and convenience. A spacious, centrally located reception and waiting area facilitates efficient workflow and client interaction, making it suitable for two separate businesses. Ample storage space is also available throughout the building. The property is equipped with infrastructure for 23 computer stations/hubs, ensuring seamless connectivity. Four restrooms feature granite countertops, adding a touch of sophistication. The architecturally designed reception area is conveniently positioned for easy wheelchair access to all workstations. Additional features include enhanced attic insulation, contributing to energy efficiency. This well-maintained building is located in West Monroe, LA, zip code 71291, offering easy access to local amenities and transportation. The asking price is $649,000. This is a rare opportunity to acquire a substantial and well-appointed commercial property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $420,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $515,000
- Mixed-Use
- $490,000
- Hospitality
- $500,000
- Educational
- $510,000
- Residential Income
- $390,000
- Energy
- $375,000
- Income-Based Land
- $400,000
- Food Service
- $455,000
Location Insight
- Map
- Local Demand
- City
- West Monroe
- County
- Ouachita
- State
- Louisiana
- Longitude
- -92.1495
- Latitude
- 32.5141
- CBSA code
- 33740
- CBSA name
- MONROE, LA METROPOLITAN STATISTICAL AREA
