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Listed by Heather Grant • John Rea Realty
$ 279,000
Est. payment | /mo
5 Baths
9,147 Sqft Lot
$ 279,000
Est. payment | /mo
5 Baths
9,147 Sqft Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Forsythe Business Park
MLS Listing ID 217307
Year Built 1974
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Office
Property Description
5-Unit Office Investment | Forsythe Business Park | Monroe, LA Take advantage of this income-producing office investment opportunity in the highly desirable Forsythe Business Park. This well-maintained multi-tenant office building consists of five individual suites, each approximately 537 square feet and featuring two private offices, a reception/lobby area, and a private restroom. The flexible floor plans accommodate a variety of professional office, personal service, and boutique business uses. Current Occupancy & Income: Unit A: Available June 15, 2026 – $800/month Unit B: Leased – $800/month Unit C: Leased – $800/month Unit D: Leased – $625/month Unit E: Leased – $625/month Current Monthly Income: $2,850 Potential Monthly Income at Full Occupancy: $3,650 Unit B previously operated as a salon and includes a large water heater, making it particularly attractive for similar service-oriented businesses. With only one upcoming vacancy, this property offers immediate cash flow with minimal lease-up risk and additional upside through the occupancy of Unit A. Whether you're an investor seeking a stable income-producing asset or an owner-user looking to occupy a suite while benefiting from rental income from the remaining tenants, this property presents a compelling opportunity. Located in one of Monroe's most active commercial corridors, the property offers excellent visibility, convenient access, and strong long-term investment potential.
Location
State LA
County Ouachita
Direction Forsythe to Justice, Building on the left.
Interior
Interior Features Private Bathrooms
Heating Electric
Cooling Central Air
Flooring Concrete
Exterior
Utilities Available Electricity Connected
Roof Type Fiberglass
Building
Sewer Public Sewer
Water Public