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1920 Louisville Ave

1920 Louisville Ave, Monroe, LA 71201

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Overview

Danville Plaza is a value-add shopping center located in the heart of Monroe, Louisiana. Roses recently relocatedand expanded into the anchor space, confirming their commitment to the market. With new ten-year termsexecuted by both Home Outlet (EC Barton) and Roses, combined with the other four national retailers, makesDanville a center of stability and upside. The only non-national retailer is Gonzalez, which is a four-unit regionalMexican restaurant. They opened in January 2026 and signed a seven-year lease. The Roses space has a brand newTPO roof, and the Home Outlet, Shoe Show, and Cititrends roof is also TPO and approximately five years old. Thereis still 15,000 sq/ft left to lease, so investors can enjoy solid cash flow with the ability to improve NOI through leaseup.Outparcel in front of Roses is included in the sale, but the outparcel in front of the Home Outlet and thePopeye’s are not included. Contact agent for additional details.

For Sale

Retail
Sale Price
$6,825,000
Price Per SF
$51/SF
Building Size
133,887 SF
Acres
11.426 ac
Zoning
B3
Agent Ownership Interest
Yes
Building Name
Danville Plaza Shopping Center
Building Class
B
Parking Spaces
568
Nearest MSA
Monroe
Property Status
Existing
County
Ouachita Parish
Available
01/23/2026
Listed
01/22/2026
Updated
01/22/2026
Listing ID
65c7729d