$1,378,697

2399 FERRAND STREET, Monroe, LA 71201

  • 8 baths |
  • 8,160 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 2016
  • Property Lot Size Icon2.42acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $169/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

Investor Opportunity – 8-Suite Business Center + 1.65 AC Development Land. Take advantage of this high-yield investment that brings a 9.82% CAP rate at full occupancy! The Business Center features eight (8) turnkey suites, each offering a versatile mix of warehouse and office space ideal for small businesses, trades, or service providers. Property Features: Each Suite: ±1,000 SF total | ±800 SF warehouse + ±200 SF office. Warehouse: 14’ ceilings, 12’ roll-up doors. Office: Private entrance, climate-controlled, ADA-compliant restroom. Designed for affordability and functionality. Development Land (Adjacent): Lot 1: 0.73 AC fronting Armand Connector. Lot 2: 0.92 AC fronting Ferrand Street. Total Available: 1.65 AC. Zoning: B-2 Neighborhood Business District. Utilities: All available at site. Not in a Flood Zone. Location Highlights: Prime visibility with easy access to Tower Dr, Ferrand Street, Hwy 165/Sterlington Rd, and I-20. Centrally located near Monroe’s medical, business, university, and financial districts. Ideal for future development: Professional office, medical, retail, or restaurant use. Seller blueprints for future expansion included with purchase. Contact listing agent for rent roll, financials, and additional details.

Listing Status:
Active
Date Added:
April 16, 2024
Data Last Updated:
April 4, 2026 at 6:08PM
Listing Office:
John Rea Realty :
Listing Agent:
Jennifer Causey : 318-261-0892
MLS ID:
209683
  • General: StoragePrivate BathroomsShowroomSee Remarks
  • Flooring: Concrete
  • A/C: Central AirElectric
  • Heating: ElectricCentral
  • General: Landscaping
  • Parking: ConcreteParking/25+ Spaces
  • Roofing: Metal
  • General: MetalStuccoSteel Frame
  • Originating MLS: NELAR API
  • County: OUACHITA
  • Zoning: B-2LOT A RESUB LOT 2 BLK 21 BREARD PLACE UNIT 3-SOLD HWY PARCEL 1-16 BEING 0.013ACS OR 566 SQ FT BK 2182-153 R122722-106746
  • Utilities: Electricity ConnectedSeparate MetersInternet ConnectionOn Site
  • Water: Public
  • Sewer: Public Sewer
  • Source: NELAR API

This listing courtesy of Jennifer Causey , John Rea Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Jack Hayes Elementary School

3631 Old Sterlington Rd, Monroe, LA, 71203

Grades KG-5

2.23 miles away

O

Ouachita Junior High School

5500 Blanks St, Monroe, LA, 71203

Grades 6-8

1.78 miles away

W

West Monroe High School

201 Riggs St, West Monroe, LA, 71291

Grades 9-12

3.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.