1205 Royal AveMonroe, LA 71201

Property Details for 1205 Royal Ave

Year built

1974

Lot size

0.15 AC

Property size (Sq ft)

1,260 SF

Property type

Office properties

Property subtype

Other office properties

APN

65526

APU

65526

Description

This meticulously remodeled 1,260 square foot office building is situated in Monroe, Louisiana's mid-town business district, offering a turnkey opportunity for immediate occupancy. Located at 1205 Royal Avenue, zip code 71201, this commercial property boasts a fresh and modern aesthetic throughout. Recent renovations include a complete interior repaint in neutral colors, updated woodwork, and brand new bathroom fixtures. The kitchen features freshly painted cabinets with new hardware, enhancing its functionality and appeal. A new countertop graces the reception area, complementing the beautiful new tile flooring installed throughout the entire space. The property is zoned for commercial use and is offered for sale at $152,000. Flexible ownership options are available, including lease or lease-to-own arrangements. This property presents a rare opportunity to acquire a move-in ready office space in a highly desirable location. The property is located in Ouachita County, Louisiana. Serious inquiries are encouraged to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $200,209

  6.5%

  $184,809

  7%

  $171,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $237,988

  Geo Method

  $90,128

• Alternative Use

  Use

  Valuation

  Residential

  $229,163

  Hospitality

  $209,912

  Educational

  $174,644

  Medical

  $180,650

  Retail

  $271,669

Location Insight

City

Monroe

County

Ouachita

State

Louisiana

Latitude

32.5176

Longitude

-92.1147

CBSA code

33740

CBSA name

MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].