120 Professional DrWest Monroe, LA 71291

Property Details for 120 Professional Dr

Year built

1980

Lot size

0.28 AC

Property type

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.

• 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

FAQs

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