120 Professional DrWest Monroe, LA 71291
- Office properties
- 0.28 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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