1504 Stubbs AveMonroe, LA 71201

Property Details for 1504 Stubbs Ave

Year built

1954

Lot size

0.30 AC

Property size (Sq ft)

4,688 SF

Property type

Office properties

Property subtype

Other office properties

APN

48561

APU

48561

Description

This exceptional 4,628 square foot office building, situated on a 0.29-acre lot at 1504 Stubbs Avenue in Monroe, Louisiana, presents a fantastic opportunity for a variety of professional businesses. The property boasts nine executive offices, a welcoming reception area, a convenient breakroom, and two bathrooms, ensuring ample space for staff and clients. A dedicated conference room provides a professional setting for meetings and presentations. Recent upgrades significantly enhance the building's appeal and functionality. New flooring was installed in 2021, contributing to a modern and updated aesthetic. Furthermore, a new HVAC system was implemented in 2023, guaranteeing efficient and comfortable climate control year-round. Previously utilized as an attorney's office, this versatile space is well-suited for a range of professional uses. Its convenient location offers easy access to N 18th Street, providing excellent visibility and accessibility for clients and employees. The asking price for this meticulously maintained and updated office building is $3200. This represents a compelling investment opportunity in a thriving Monroe, LA commercial district. The property's combination of modern amenities, convenient location, and ample space makes it an ideal choice for discerning businesses seeking a high-quality workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $744,874

  6.5%

  $687,576

  7%

  $638,463

• Comparable approach

  Method

  Valuation

  Relative Method

  $885,468

  Geo Method

  $335,333

• Alternative Use

  Use

  Valuation

  Residential

  $852,594

  Hospitality

  $780,972

  Educational

  $649,759

  Medical

  $672,106

  Retail

  $1,010,737

Location Insight

City

Monroe

County

Ouachita

State

Louisiana

Latitude

32.5185

Longitude

-92.1106

CBSA code

33740

CBSA name

MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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