3510 Medical Park – Medical & Professional Campus

3510 Medical Park Dr,
Monroe, LA 71203

Asset Snapshot

Distribution

Office Subtype

2.97 Acres

Land Area

Offering Summary

Investment Overview

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. With 50+ parking spaces, approximately 20 restrooms, numerous private rooms and offices, reception areas, conference and break areas, storage, and multiple building wings, the property provides infrastructure that could be costly to recreate through new construction. 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, approximately 20 restrooms, independent HVAC systems serving the existing suites, 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. The building's existing suite arrangement could potentially provide a useful starting point for creating separate residential units or residential wings rather than beginning with an entirely open commercial shell. Depending on the redevelopment plan, portions of the property could also potentially be retained for office, medical, wellness or amenity space while other areas are converted to residential use. For an investor or developer, the real opportunity may be to look at 3510 Medical Park Drive not simply as one 28,130 SF medical building requiring a single occupant, but as an existing eight-suite commercial campus with multiple potential paths to value creation—medical, professional, multi-tenant, residential, mixed-use or other adaptive reuse.