120 Professional DrWest Monroe, LA 71291

  • Office properties
  • 0.28 AC
For Sale
$649,000 View listing

Property Details for 120 Professional Dr

Year built
1980
Lot size
0.28 AC
Property type
Office properties
Property subtype
Other office properties
APN
72850
APU
72850

Description

This exceptional commercial property at 120 Professional Drive, West Monroe, Louisiana, presents a unique investment opportunity. The 3,646 square foot office building sits on a 0.36-acre lot and offers a versatile layout ideal for a single business or multiple occupants. The space boasts seven private offices or treatment rooms, perfect for various professional uses. One office includes a private bathroom, enhancing privacy and convenience. A spacious, centrally located reception and waiting area facilitates efficient workflow and client interaction, making it suitable for two separate businesses. Ample storage space is also available throughout the building. The property is equipped with infrastructure for 23 computer stations/hubs, ensuring seamless connectivity. Four restrooms feature granite countertops, adding a touch of sophistication. The architecturally designed reception area is conveniently positioned for easy wheelchair access to all workstations. Additional features include enhanced attic insulation, contributing to energy efficiency. This well-maintained building is located in West Monroe, LA, zip code 71291, offering easy access to local amenities and transportation. The asking price is $649,000. This is a rare opportunity to acquire a substantial and well-appointed commercial property in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,946,886
    6.5%
    $1,797,125
    7%
    $1,668,759
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,314,343
    Geo Method
    $876,457
  • Alternative Use

    Use
    Valuation
    Residential
    $2,228,436
    Hospitality
    $2,041,235
    Educational
    $1,698,283
    Medical
    $1,756,690
    Retail
    $2,641,774
120 Professional Dr, West Monroe, Louisiana

Location Insight

City
West Monroe
County
Ouachita
State
Louisiana
Latitude
32.5141
Longitude
-92.1495
CBSA code
33740
CBSA name
MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,522
$3,676
$14,938
$18,614
-
$36,760
$99,587
$136,347

FAQs

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