6865 Monroe HwyBall, LA 71405

Property Details for 6865 Monroe Hwy

Lot size

0.38 AC

Property type

Office properties

Property subtype

Other office properties

APN

05-007-36006-0001

APU

5007360060001

Description

This 3,740 square foot commercial property boasts a highly desirable location on Highway 165 in Ball, Louisiana, offering exceptional visibility and accessibility. The property sits on a 0.96-acre lot and includes a full business center featuring a workshop with two roll-up doors and a 12-foot ceiling. This versatile space is ideal for a variety of uses, including a car dealership, construction company, auto shop, retail business with warehouse space, or a fulfillment and shipping center. The building offers a spacious front lobby, a conference room, three private offices, a kitchen, and a restroom. A separate storefront or office area with its own kitchenette and storage is also included. Ample parking is available, along with a large, security-fenced yard. The property is currently leased for $1850 per month, with a pre-determined escalation clause over the next five years. The lease has a fixed term and cannot be terminated early. This presents a unique opportunity for investors seeking a stable income stream with significant long-term potential. The high traffic count on Highway 165 ensures excellent exposure for any business. The owner may consider a sale or lease of the property. Don't miss this chance to establish your business in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,273,059

  6.5%

  $2,098,208

  7%

  $1,948,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,128,414

  Geo Method

  $4,958,796

• Alternative Use

  Use

  Valuation

  Residential

  $2,601,778

  Hospitality

  $2,383,215

  Educational

  $1,982,807

  Medical

  $2,050,999

  Retail

  $3,084,366

Location Insight

City

Ball

County

Rapides

State

Louisiana

Latitude

31.4241

Longitude

-92.4115

CBSA code

10780

CBSA name

ALEXANDRIA, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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