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Listed by JW Perry • Faulk & Foster Real Estate Services
$1,350,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 221518
Property Sub-Type Office
Property Description
Think Beyond Traditional Medical Office. 3510 Medical Park Drive offers approximately 28,130 SF on 2.97± acres in North Monroe and presents a compelling opportunity for an owner-user, investor or developer seeking a substantial existing facility with built-in multi-tenant potential. Originally designed as a multi-tenant medical complex, the property was configured for nine medical users and currently contains eight primary suites, a separate former medical lab area, common areas and additional upstairs space. Each suite is served by its own HVAC air handler, providing an existing framework for independent occupancy and future multi-tenant use. While the building's existing medical configuration creates an obvious opportunity for physicians, specialty practices, outpatient services and other healthcare users, the property's size, eight-suite layout, parking and multiple independent operating areas create a much broader range of potential strategies. A purchaser could occupy one or more suites while leasing the balance, establish a multi-specialty healthcare campus, reposition the building as professional office suites, or explore adaptive reuse for behavioral health, rehabilitation, therapy, education and training, government services, nonprofit operations, corporate offices, executive suites, wellness services or other institutional uses, subject to zoning, licensing and applicable governmental approvals. Residential / Mixed-Use Redevelopment Potential The property's existing configuration may also warrant evaluation for residential or mixed-use redevelopment. With multiple building wings, numerous private rooms, substantial parking and nearly three acres of land, a developer could explore concepts such as multifamily apartments, senior housing, independent or assisted-living concepts, extended-stay residential, workforce housing, or a mixed residential/professional campus. Property is also for Lease.
Location
State LA
County Ouachita
Zoning B-4
Interior
Interior Features Private Bathrooms
Heating Central
Cooling Central Air
Flooring Other, Tile
Exterior
Utilities Available See Remarks
Roof Type Composition
Building
Sewer Public Sewer
Water Public
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