1501 Southern AveMonroe, LA 71202

Property Details for 1501 Southern Ave

Year built

2000

Lot size

1.31 AC

Property type

Office properties

Property subtype

Other office properties

APN

75247

APU

75247

Description

This single-story, 5,920-square-foot medical office building presents a fantastic owner-user opportunity in Monroe, Louisiana. Built in 2000, the Class B property is currently vacant and ready for immediate occupancy. Located at 1501 Southern Ave, Monroe, LA 71202, this freestanding building offers convenient access to major retail and business corridors, ensuring high visibility and accessibility for patients and staff. The asking price is $700,000. The building's previous use as a dialysis clinic makes it ideally suited for a similar medical practice or other healthcare-related businesses. Its spacious layout provides ample room for various medical office configurations. The property's strategic location and readily available space offer a unique chance to establish or expand a medical practice in a thriving area. The building's single-story design ensures easy navigation and accessibility for patients and staff. This is a prime opportunity for a medical professional seeking a well-located, move-in ready space. The property is zoned for medical use.

• CAP approach

  CAP return

  Valuation

  6%

  $9,032,138

  6.5%

  $8,337,358

  7%

  $7,741,832

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,737,056

  Geo Method

  $4,066,194

• Alternative Use

  Use

  Valuation

  Residential

  $10,338,324

  Hospitality

  $9,469,849

  Educational

  $7,878,804

  Medical

  $8,149,768

  Retail

  $12,255,917

Location Insight

City

Monroe

County

Ouachita

State

Louisiana

Latitude

32.4919

Longitude

-92.0811

CBSA code

33740

CBSA name

MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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