406 6Th StWest Monroe, LA 71291

Property Details for 406 6Th St

Year built

2002

Property type

Office properties

Property subtype

Other office properties

APN

36881

APU

36881

Description

This exceptional mixed-use investment property, Business Center 6th & Mill, located at 406 N 6th St, West Monroe, LA 71291, presents a compelling opportunity. The 8,848 square foot property, built in 2001 and extensively renovated in 2023, boasts a Class A rating and features two buildings on a 0.86-acre lot. Currently housing five tenants with 100% occupancy, the property offers a stabilized investment with built-in rent bumps. The property includes 60 parking spaces, a significant upgrade with 36 spaces added recently. Recent improvements include new exterior paint, parking lot striping, and a new HVAC system installed in 2021. The property also benefits from perimeter security lighting, professional landscaping, and efficient drainage systems. The permitted zoning is B-1. Financial details and tenant information are available upon request with a non-disclosure agreement. Showings are coordinated with accepted offers. The asking price is $1,195,000, translating to $135.06 per square foot. This property is ideal for investors seeking a stable, high-performing asset in a prime West Monroe location. The property is available for a 1031 exchange.

Location Insight

City

West Monroe

County

Ouachita

State

Louisiana

Latitude

32.5005

Longitude

-92.1316

CBSA code

33740

CBSA name

MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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