1500 Louisville AveMonroe, LA 71201

Property Details for 1500 Louisville Ave

Lot size

0.54 AC

Property size (Sq ft)

8,680 SF

Property type

Office properties

Property subtype

Other office properties

APN

43556

APU

43556

Description

This exceptional 2,600-square-foot executive office suite, located at 1500 Louisville Ave, Suite C in Monroe, Louisiana, presents a fantastic opportunity for a discerning business. The space is currently vacant and ready for immediate occupancy. Recently refurbished, the suite boasts two updated bathrooms, providing convenient amenities for employees and clients. The layout features an open floor plan ideal for collaborative work environments, complemented by a private executive office with windows, offering natural light and a degree of seclusion. An additional, smaller, interior private office provides further flexibility. The property's high visibility is enhanced by a large street sign clearly indicating available space, ensuring easy discovery for potential clients. Ample parking is available directly in front of the building, offering convenient access for both staff and visitors. The previous tenant, an auto title company, experienced high traffic and visibility at this location, demonstrating the site's strong potential for attracting customers. The property is situated in Ouachita Parish, Louisiana, with a zip code of 71201. This retail and office space is perfect for a business seeking a prominent location with excellent accessibility and modern amenities. The building's total square footage is 2,600 square feet, all of which is currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,379,160

  6.5%

  $1,273,070

  7%

  $1,182,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,639,476

  Geo Method

  $620,880

• Alternative Use

  Use

  Valuation

  Residential

  $1,578,608

  Hospitality

  $1,445,996

  Educational

  $1,203,052

  Medical

  $1,244,426

  Retail

  $1,871,414

Location Insight

City

Monroe

County

Ouachita

State

Louisiana

Latitude

32.5155

Longitude

-92.109

CBSA code

33740

CBSA name

MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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