For Sale
$785,000

1 Wood StMonroe, LA 71201

Historic building, prime location, income potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $785,000 asking price for 0.17-acre retail and land property in Monroe, LA.
  • Prime downtown location adjacent to the Ouachita Parish Courthouse with Ouachita River views.
  • Previously a lawyer's office, featuring multiple offices and a large conference room.
  • Currently occupied by one tenant (Ralph Bailsbond) providing immediate income; lease remains with sale.
  • Versatile layout suitable for various uses, including potential development into four executive suites.
  • Louisiana state tax incentives available for building investments.

Property Details for 1 Wood St

Property type
Retail properties, Land
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Monroe
County
Ouachita
State
Louisiana
Latitude
32.4995885
Longitude
-92.1171292
1 Wood St, Monroe, Louisiana

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1 Wood St
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