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    1648 Richwood Rd Monroe, LA 71202

    For Sale
    $180,000

    Established Restaurant, Drive-Thru, Ample Parking

    Property size:
    1,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 1,500 square foot restaurant in Monroe, LA, presents a fantastic investment opportunity. Boasting a convenient drive-thru, the property includes a 465 square foot front dining area, sales counter, two public restrooms, a main kitchen, prep kitchen, pantry, and a janitor/utility closet. The sale includes a comprehensive suite of commercial kitchen equipment, encompassing two sales counters, a display cooler, a gas oven with six burners and a 36-inch manual griddle, three gas fryers with six baskets, a vented hood with a fire suppression system, a glass double-door cooler, a commercial ice maker, a three-compartment sink, two hand sinks, steel shelving, two refrigerators, and four towel and soap dispensers. Adding significant value, a 0.22-acre side lot is included, ideal for additional parking or future expansion. This presents a unique opportunity to acquire a thriving business with significant potential for growth. An adjacent 0.25-acre lot is also available for separate purchase at $20,000, offering further expansion possibilities. The property sits on a total of 0.43 acres. Detailed floor plans are available upon request. This turnkey operation is ready for a new owner to step in and continue its success.

    Property Features for 1648 Richwood Rd

    General Information

    Property type
    Restaurants
    Square Feet
    1,500 SF
    Lot Size
    18,731 SF

    Building Details

    Year Built
    2014
    Property Profile Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Monroe
    County
    OUACHITA
    State
    Louisiana
    Longitude
    -92.0872
    Latitude
    32.454

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Drive-Thru, Ample Parking
    Where is this restaurant located?
    The property is located at 1648 Richwood Rd Monroe, LA.
    What is the asking price?
    The asking price for this property is $180,000.
    (318) 388-0941
    Request Owner's contact information
    1648 Richwood Rd Monroe, LA 71202
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    Monroe, LA 71202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1648 Richwood Rd Monroe, LA 71202
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