1 Wood St Monroe, LA 71201

This exceptional commercial property, located at 1 Wood Street in Monroe, Louisiana, presents a unique investment opportunity. Priced at $785,000, this 0.17-acre retail and land property boasts a prime downtown location adjacent to the Ouachita Parish Courthouse. The building offers stunning views of the Ouachita River from both its upper and lower floors. Previously utilized as a lawyer's office, the property features multiple spacious offices and a large conference room. Currently, one tenant, Ralph Bailsbond, occupies the space and will remain with the sale, providing immediate income potential. The property's versatile layout allows for various uses, including the potential development of four executive suites, generating further revenue streams. Furthermore, the state offers tax incentives for any investments made in the building, enhancing the return on investment. This historic building represents a rare chance to acquire a well-situated commercial property with significant income potential and the benefit of state tax incentives. The property's location in the heart of downtown Monroe ensures high visibility and accessibility. The existing tenant provides a stable income stream, while the adaptable layout offers flexibility for future development and expansion. This is a truly remarkable opportunity for a discerning investor.