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1500 Louisville Ave
Monroe, LA 71201
Office Property For Sale
Investment Highlights
- Multi-tenant office building along Monroe’s high-traffic Louisville Avenue corridor.
- 32 shared parking spaces and prominent building signage enhance access and visibility.
- Investment profile featuring 80% occupancy and in-place leases with renewal options.
- Located in a strong commercial district with surrounding retail, medical, and business activity.
Executive Summary
Located on one of Monroe’s most active commercial corridors, 1500 Louisville Avenue presents an outstanding investment or end-user ownership opportunity. Offered at $800,000, this office property totals approximately 8,680 SF on 0.54 acres and combines steady income with value-add potential. Currently configured for multi-tenant occupancy, the building is 80% leased to established users, producing a reported NOI of $48,668 and reflecting an estimated 6.08% cap rate with upside for lease-up.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,600 SF
Building Class
B
Year Built
2000
Price
$1,131,160 CAD
Price Per SF
$131.53 CAD
Cap Rate
6.08%
NOI
$68,775 CAD
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,400 SF
Building FAR
0.36
Lot Size
0.55 AC
Zoning
B-3 - B-3 General Business District
Parking
32 Spaces (3.72 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
- Fiber Optic Internet
Property Taxes
| Parcel Number | 43556 | Improvements Assessment | $25,649 CAD |
| Land Assessment | $20,680 CAD | Total Assessment | $46,329 CAD |
Property Taxes
Parcel Number
43556
Land Assessment
$20,680 CAD
Improvements Assessment
$25,649 CAD
Total Assessment
$46,329 CAD
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