2805 Evangeline StMonroe, LA 71201

Property Details for 2805 Evangeline St

Year built

1985

Lot size

0.22 AC

Property size (Sq ft)

2,429 SF

Property type

Office properties

APN

87962

APU

87962

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $385,959

  6.5%

  $356,270

  7%

  $330,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $458,789

  Geo Method

  $173,746

• Alternative Use

  Use

  Valuation

  Residential

  $441,775

  Hospitality

  $404,663

  Educational

  $336,675

  Medical

  $348,254

  Retail

  $523,717

Location Insight

City

Monroe

County

Ouachita

State

Louisiana

Latitude

32.534

Longitude

-92.0923

CBSA code

33740

CBSA name

MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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