For Sale
$240,000

2805 Evangeline St Monroe, LA 71201

High-yield, 3-unit commercial property in Monroe, LA.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional mixed-use property, located at 2805 Evangeline Street in Monroe, Louisiana, presents a compelling investment opportunity. The 2,427 square foot building, constructed in 1985, sits on a 0.22-acre lot and is zoned for commercial use. Currently boasting 75% occupancy, the property features three separate units, two of which are nearly identical in size and layout, while the third is slightly smaller. This configuration offers flexibility for a variety of uses and potential for increased rental income. The asking price is $240,000, translating to a price per square foot of $98.89. The property's strategic location provides convenient access to major thoroughfares, including Highway 165 and Interstate 20, ensuring high visibility and accessibility for businesses and customers. This single-story building presents a solid investment opportunity in a thriving commercial area of Monroe, within Ouachita Parish, Louisiana, zip code 71201. The property's strong location and existing tenant base make it an attractive prospect for investors seeking a stable and potentially high-return investment. Further details are available upon request.

Highlights

  • Exceptional mixed-use property at 2805 Evangeline Street, Monroe, LA.
  • 2,427 sq ft building on a 0.22-acre lot, built in 1985.
  • Currently 75% occupied with three separate units.
  • Asking price: $240,000 ($98.89/sq ft).
  • Excellent location with easy access to Highway 165 and I-20.

Property Details for 2805 Evangeline St

Property type
Mixed-use properties
Square Feet
2,427 SF
Year Built
1985
Buildings
1
Stories
1
Lot Size (sq. ft)
9,583 SF
Units
3

Location Insight

City
Monroe
County
Ouachita Parish
State
Louisiana
Latitude
32.5340666
Longitude
-92.0923328

FAQs

What type of property is this?
Mixed-use property - High-yield, 3-unit commercial property in Monroe, LA.
Where is the mixed-use property located?
The property is located at 2805 Evangeline St Monroe, LA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Exceptional mixed-use property at 2805 Evangeline Street, Monroe, LA.; 2,427 sq ft building on a 0.22-acre lot, built in 1985.; Currently 75% occupied with three separate units.
How can I contact the broker?
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2805 Evangeline St
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