1108 Sterlington HwyFarmerville, LA 71241

Property Details for 1108 Sterlington Hwy

Year built

2002

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

1,176 SF

Property type

Office properties

APN

2732410008

APU

2732410008

Description

This exceptional 1,179 square foot office building is ideally situated at 1108 STERLINGTON HIGHWAY in Farmerville, Louisiana. Boasting a prime location with high visibility on Sterlington Highway, this property offers significant advantages for businesses seeking a prominent presence. The building itself is in excellent condition, ready for immediate occupancy. The property includes a substantial 1.19-acre lot, providing ample space for expansion, additional parking, or future development opportunities. Surrounded by other established businesses, this location ensures excellent exposure and accessibility for clients and employees. The combination of a well-maintained building, a generous lot size, and a highly visible location on a major thoroughfare makes this an unparalleled opportunity for businesses seeking to establish or expand their operations in the thriving Farmerville market. The asking price is $259,000. This property presents a rare chance to acquire a turnkey office space with significant growth potential. Don't miss this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $186,869

  6.5%

  $172,495

  7%

  $160,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $222,123

  Geo Method

  $84,119

• Alternative Use

  Use

  Valuation

  Residential

  $213,893

  Hospitality

  $195,925

  Educational

  $163,008

  Medical

  $168,614

  Retail

  $253,567

Location Insight

City

Farmerville

County

Union

State

Louisiana

Latitude

32.7687

Longitude

-92.3868

CBSA code

33740

CBSA name

MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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