121 Crosley StWest Monroe, LA 71291

Property Details for 121 Crosley St

Year built

1944

Lot size

0.17 AC

Property size (Sq ft)

1,920 SF

Property type

Office properties

Property subtype

Other office properties

APN

112819

APU

112819

Description

This exceptional 3,800-square-foot executive office building in West Monroe, Louisiana, presents a unique investment opportunity. Located at 121 Crosley St, this two-story Class B building sits on a 0.17-acre lot and offers ample parking with 10 spaces. The building features a single tenancy, with the entire 3,800 square feet currently vacant. The first floor encompasses 1,920 square feet and boasts a 336-foot canopy over the main entrances, large display windows for abundant natural light, a reception area, waiting area, four private offices, a kitchen/break area, restroom, and extra storage. The second floor, offering 1,880 square feet, currently features an open floor plan with painted brick walls, exposed beams and trusses, and concrete flooring, ideal for additional storage or build-out. A separate rear entry provides access to the second floor, allowing for potential subleasing. The property is zoned B-3 and has an APN of 112819. The building's cross street is Cypress Street. Build-to-suit options are negotiable with landlord approval, making this a highly adaptable space to suit various business needs. This property is situated in West Monroe, LA, zip code 71291.

• CAP approach

  CAP return

  Valuation

  6%

  $305,068

  6.5%

  $281,602

  7%

  $261,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $362,649

  Geo Method

  $137,338

• Alternative Use

  Use

  Valuation

  Residential

  $349,186

  Hospitality

  $319,852

  Educational

  $266,113

  Medical

  $275,266

  Retail

  $413,954

Location Insight

City

West Monroe

County

Ouachita

State

Louisiana

Latitude

32.5062

Longitude

-92.1301

CBSA code

33740

CBSA name

MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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