Turnkey QSR/Retail Building with
1412-1412 Ridge Ave West Monroe, LA
1412-1412 Ridge Ave, West Monroe, LA, 00000
Contact for pricing
For Sale
Contact for pricing
West Monroe QSR/Retail building with expansion-ready lot.
Property Size2,261 SF
Lot Size1.27 Acres
Price / SF$253.87
Days on Market559
Property Features for 1412-1412 Ridge Ave
General Information
- Standard status
- Active
- Size
- 2,261 SF
- Lot size
- 1.27 Acres
- Property subtype
- SPECIALTY
Listing Agency
John Rea Realty
(318) 261-0892
Listed by
Jennifer Causey · License #LA995693195
(318) 261-0892
Source
Moodyscre
Added: Jan 7, 2025 Checked: Jul 20 at 3:46 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Rea Realty
Investment Insights
Based on property information with market context.
This commercial property in West Monroe, built in 2018, features a 2,261-square-foot turnkey QSR/Retail building. Constructed by ARCO Builders, the building includes a customer seating area, wrap-around service counter, commercial kitchen with grease interceptor, stock room, employee break area, an office with a one-way glass window, staff and public restrooms, and an outdoor patio. It also has an 8-camera security system, plus gutter, drainage, and lighting systems. The property sits on a 1.89-acre lot. The paved lot has 35 striped parking spaces and full utility infrastructure. The adjacent lot is included with the sale of the building, creating a total of 1.89 acres, ideal for expansion, additional parking, or future development. The flexible zoning and layout are suitable for restaurant reuse, medical/professional office, flex retail + service, or conversion to multi-tenant space. The property offers assumable loan options and owner financing options for qualified buyers. It is also suitable for cash or conventional financing.
Key Highlights
- Assumable loan and owner financing options available.
- Includes adjacent .945± acre lot, totaling 1.89± acres for expansion or development.
- Turnkey 2,261 SF QSR/Retail building with existing infrastructure.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $18.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $38.5k | $17.03 |
| − OpEx | −$9.6k | −$4.26 |
| NOI | $28.9k | $12.77 |
2,261 SF · lease $18.00/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Retail
$886.3K
$775.6K – $1.03M
NOI $62,044 @ 7.0% cap · market cap 10.81%
Second Best
Specialty Retail
$412.5K
$360.9K – $481.3K
NOI $28,875 @ 7.0% cap · market cap 5.03%
Theoretical Best
Multifamily LT 5
$24.35M
$21.31M – $28.41M
NOI $1,704,781 @ 7.0% cap · market cap 297.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Turn key restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Turn key restaurant - West Monroe QSR/Retail building with expansion-ready lot.
Where is this turn key restaurant located?
The property is located at 1412-1412 Ridge Ave West Monroe, LA.
What is the asking price?
The asking price for this property is $574,000.
What are key features of this property?
This property features: Assumable loan and owner financing options available.; Includes adjacent .945± acre lot, totaling **1.89± acres for expansion or development.**; **Turnkey 2,261 SF QSR/Retail building with existing infrastructure.**
