2399 FERRAND STREET, Monroe LA 71201
Overview
Description
Investor Opportunity! Monthly income AND ability to grow! Fully-occupied 8-Suite Business Center (8% CAP Rate!) plus 2 adjacent lots just off Tower Dr/Armand-Connector. The Business Center was built to provide inexpensive, ready-to-go suites that provide a mix of industrial and high-end office space. Each suite has 800 SF of warehouse/storage space equipped with 12′ roll-up doors and 14′ ceilings as well as 200 SF of office space with 1 handicapped-accessible restroom. Contact listing agent for rent roll and financial information. Adjacent lots are perfectly sized for most professional offices, retail, medical, dental or restaurant end-uses. Centrally located with close proximity to Monroe’s business, medical, financial and university corridors. Excellent visibility and ease of access from Armand-Connector/Ferrand Street to Hwy 165/Sterlington Rd and I-20. Lot 1 offers .73 AC fronting Armand Connector priced at $9.95 PSF. Lot 2 offers .92 AC fronting Ferrand Street priced at $8.50 PSF. Total Available: 1.65 AC. Not in a Flood Zone. Restrictions per B-2 Neighborhood Business District. All utilities available to site.
Additional Details
- InternetAddressDisplayYN: 1
- TaxLegalDescription: LOT A RESUB LOT 2 BLK 21 BREARD PLACE UNIT 3-SOLD HWY PARCEL 1-16 BEING 0.013ACS OR 566 SQ FT BK 2182-153 R122722-
- ListAgentMlsId: 02214
- WaterSource: Public
- Flooring: Concrete
- PhotosCount: 8
- DoorFeatures: Overhead Door Height: Yes
- ModificationTimestamp: 2024-07-24T21:04:09.900Z
- Cooling: Central Air,Electric
- ZoningDescription: B-2
- SecurityFeatures: Security Lights,Security System
- ListOfficeMlsId: REA
- StreetNumberNumeric: 2399
- CoListOfficeName: John Rea Realty
- ListingContractDate: 2024-04-16
- ParkingFeatures: Concrete,Parking/25+ Spaces
- Zoning: B-2
- LotSizeArea: 2.42
- Sewer: Public Sewer
- Heating: Electric,Central
- MLSAreaMajor: 113 North Monroe
- ListOfficeName: John Rea Realty
- CoListAgentMlsId: 245
- StreetName: FERRAND STREET
- OriginatingSystemKey: nelar
- PhotosChangeTimestamp: 2024-04-25T21:33:45.063Z
- OriginatingSystemName: NELAR API
- Utilities: Electricity Connected,Internet Connection,Separate Meters
- MlsStatus: ACTIVE
- StreetNumber: 2399
- ListingId: 209683
- ListingKey: faa75a4a810f61ab9b31d313978c6d82
- NELAR_L_StatusID: 0
- NELAR_L_SaleRent: For Sale
- StateOrProvince: LA
- InternetEntireListingDisplayYN: 1
- CoListAgentLastName: Johnson
- InternetAutomatedValuationDisplayYN: 1
- Gas: None
- BuildingFeatures: Stock Room,Supply Room,Equipment Room,Closet(s),Showroom,Other,See Remarks
- ListAgentFirstName: Jennifer
- Directions: Tower to Lamy - stay straight - toArmand to Ferrand. Property on Left.
- BridgeModificationTimestamp: 2024-07-24T21:05:40.638Z
- LotFeatures: Strip Center
- ConstructionMaterials: Metal,Stucco,Steel Frame
- Roof: Metal
- NumberOfUnitsTotal: 8
- LotSizeSquareFeet: 105415.2
- ParcelNumber: 106746
- TenantPays: Electricity,Water
- Electric: On Site
- CoListAgentFirstName: Thomas
- InternetConsumerCommentYN: 1
- BuildingAreaTotal: 8160
- IDXParticipationYN: 1
- ListAgentLastName: Causey
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