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406-410 N 6th St

8,848 SF 100% Leased Flex Building West Monroe, LA 71291 $1,195,000 ($135/SF) 7.47% Cap Rate

Investment Highlights

  • 100 % Occupied
  • New Exterior Paint/Parking Lot Striping
  • New HVAC 2021
  • Very-well maintained
  • Very high traffic/excellent exposure

Executive Summary

Looking for that commercial-retail property that just HAS IT ALL?
Location, high traffic count, excellent exposure, easy access,professional presentation, quality tenant mix, fully occupied, AND very-well maintained! John Rea Realty is pleased to present this exclusive investor opportunity known as Business Center 6th & Mill in West Monroe.
Current ownership has definitely done its due diligence in the detailed planning and first-class execution of not only taking good care of this long-standing community favorite but also by developing an additional 36 parking spaces for its patrons to enjoy!
Freshly pressure-washed with new exterior paint and parking lot striping.
New HVAC, 2021. Perimeter security and safety lighting.
Professional landscaping and drainage systems in place.
Financials and tenant information available upon receipt of non-disclosure agreement.
Please do not disturb tenants or clientele. Showings coordinated with accepted offer.

Property Facts

Price $1,195,000
Price Per SF $135
Sale Type Investment or Owner User
Cap Rate 7.47%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Property Type Flex
Property Subtype Light Manufacturing
Building Class C
Lot Size 0.34 AC
Rentable Building Area 8,848 SF
No. Stories 1
Year Built/Renovated 2001/2023

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 38415
  • 36881
Land Assessment
$4,392
Improvements Assessment
$65,030
Total Assessment
$69,422

zoning

Zoning Code C-1 (Commercial)
C-1 (Commercial)
  • Listing ID: 33035400

  • Date on Market: 9/2/2024

  • Last Updated:

  • Address: 406-410 N 6th St, West Monroe, LA 71291

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