1025 9Th StMonroe, LA 71201

Property Details for 1025 9Th St

Year built

1974

Lot size

0.27 AC

Property size (Sq ft)

3,160 SF

Property type

Office properties

APN

66102

APU

66102

Description

This exceptional office opportunity in Monroe, Louisiana, offers two available suites within the Avery Suites 2 building, located at 1025 N 9th St, 71201. The suites provide flexible space, ranging from 180 to 270 square feet, ideal for entrepreneurs, small businesses, or satellite offices. The property is classified as both Executive Office and Commercial space, catering to a variety of professional needs. Tenancy is multiple, suggesting a vibrant and collaborative environment. While the exact total building square footage is unavailable, ample parking is provided for tenants and visitors, ensuring convenient access. Situated in Ouachita Parish, this location offers easy access to local amenities and transportation routes. The address is conveniently located at 1025 N 9th St, Monroe, LA 71201. This presents a rare chance to secure a well-situated, professional office space in a thriving Louisiana community. The property's classification as both Executive Office and Commercial space makes it suitable for a wide range of businesses. The availability of multiple tenancies suggests a dynamic and collaborative atmosphere. The ample parking ensures convenient access for both employees and clients. This is an excellent opportunity to establish a presence in a desirable location within Monroe. The size of the available suites makes them suitable for a variety of business needs, from solo entrepreneurs to small teams. The location in Ouachita Parish offers easy access to local amenities and transportation networks.

• CAP approach

  CAP return

  Valuation

  6%

  $502,091

  6.5%

  $463,469

  7%

  $430,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $596,860

  Geo Method

  $226,035

• Alternative Use

  Use

  Valuation

  Residential

  $574,701

  Hospitality

  $526,423

  Educational

  $437,978

  Medical

  $453,041

  Retail

  $681,299

Location Insight

City

Monroe

County

Ouachita

State

Louisiana

Latitude

32.5142

Longitude

-92.1171

CBSA code

33740

CBSA name

MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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