600 Grammont St Monroe, LA 71201
Exceptional opportunity to acquire a fully renovated, 3,630 square foot medical office building in the heart of Monroe, Louisiana. This single-tenant property, located at 600 Grammont Street, sits on a 0.15-acre lot and boasts a desirable CBD zoning classification. The building, constructed in 1971 and extensively renovated in 2022, features a Class B designation and includes 14 parking spaces. Improvements completed in 2022 encompass a new HVAC system, flooring, roof, ceiling tiles, paint, and exterior doors. The two-story building offers a well-designed layout. The first floor encompasses 2,580 square feet, including a lobby/waiting area, reception/office manager space, four exam rooms, private offices, a lab, a nurses' station, and additional storage. The second floor provides an additional 1,050 square feet of office/apartment space. Conveniently located near St. Vincent De Paul Community Pharmacy and within 0.4 miles of the Monroe Transit Station, this property presents a compelling investment opportunity. The building is equipped with a security system and safety lighting. The APN is 49030, and the property is located in Ouachita Parish, Louisiana, zip code 71201. This is a rare opportunity to own a fully renovated, move-in ready medical office building in a high-demand location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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