Active
Tower-Armand Business Park (Center + Lots)
2399 Ferrand St, Monroe, LA 71201
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Overview
Investor Opportunity! Monthly income AND ability to grow!
Fully-occupied 8-Suite Business Center plus 2 adjacent lots just off Tower Dr/Armand-Connector. The Business Center was built to provide inexpensive, ready-to-go suites that provide a mix of industrial and high-end office space.
Each suite has 800 SF of warehouse/storage space equipped with 12' roll-up doors and 14' ceilings as well as 200 SF of office space with 1 handicapped-accessible restroom.
Rent roll and financial information attached below.
Adjacent lots are perfectly sized for most professional offices, retail, medical, dental or restaurant end-uses.
Centrally located with close proximity to Monroe's business, medical, financial and university corridors. Excellent visibility and ease of access from Armand-Connector/Ferrand Street to Hwy 165/Sterlington Rd and I-20.
Lot 1 offers .73 AC fronting Armand Connector priced at $9.95 PSF.
Lot 2 offers .92 AC fronting Ferrand Street priced at $8.50 PSF.
Total Available: 1.65 AC.
Not in a Flood Zone.
Restrictions per B-2 Neighborhood Business District.
All utilities available to site.
For Sale
Retail
Secondary Uses: Strip Center
- Sale Price
- $1,525,000
- Price Per SF
- $186.9/SF
- Building Size
- 8,160 SF
- Office SF
- 1,600 SF
- Acres
- 2.426 ac
- Zoning
- B-2
- Gross Income
- $103,800
- NOI
- $72,830
- Sale Terms
- Cash
- Signage
- On Building and Monument
- Showing
- Contact Broker
- Business Park
- Tower-Armand Business Park
- Building Class
- A
- Max Contiguous
- 8,160
- # of Buildings
- 1
- Floors
- 1
- Year Built
- 2016
- Construction Type
- Framed
- Parking Spaces
- 35
- Rentable SF
- 8,000
- Nearest MSA
- Monroe
- Property Status
- Existing
- Lot Size
- 265' x 573'
- Waterfront
- Yes
- Topography
- Level
- Power Provider
- City - Entergy
- Parish
- Ouachita
- Available
- 04/21/2024
- Listed
- 04/22/2024
- Updated
- 04/23/2025
- Listing ID
- 8201bfd0
- Parcel APN
- 106746









