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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