For Sale
$209,000

137 Rowland Rd Monroe, LA 71203

1,514 SF Office, 0.51 Acres, High Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • 1,514 SF office building on a 0.51-acre lot in Monroe, LA (71203), Ouachita County.
  • Convenient Highway 139 access.
  • Currently operating as a six-station barbershop (three barber, three beauty) with waiting area, office, and shampoo station.
  • Includes additional rear living space with rental or retail potential.
  • Three occupied trailers generate $1,800/month in rental income.
  • Asking price: $209,000.

Property Details for 137 Rowland Rd

Property type
Office properties, Land
Square Feet
1,514 SF
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Monroe
County
Ouachita
State
Louisiana
Latitude
32.5454097
Longitude
-92.0135318

FAQs

What type of property is this?
Office property - 1,514 SF Office, 0.51 Acres, High Income Potential
Where is the office property located?
The property is located at 137 Rowland Rd Monroe, LA.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: 1,514 SF office building on a 0.51-acre lot in Monroe, LA (71203), Ouachita County.; Convenient Highway 139 access.; Currently operating as a six-station barbershop (three barber, three beauty) with waiting area, office, and shampoo station.
How can I contact the broker?
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137 Rowland Rd
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