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    1648 Richwood Road 1 Monroe, LA 71202

    For Sale
    $180,000

    Drive-thru restaurant with equipment and side lot for sale.

    Property size:
    1,500 SF
    Lot size:
    0.22 Acres

    Property Features for 1648 Richwood Road 1

    General Information

    Size
    1,500 SF
    Lot size
    0.22 Acres

    Source: John Rea Realty Agent Jennifer Causey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Drive-Thru Restaurant with Side Lot

    A drive-thru restaurant, including furniture, fixtures, and equipment, along with a side lot, is available for purchase. The restaurant building encompasses 1500 square feet and includes a 465-square-foot front dining area, a sales counter area, two public restrooms, a main kitchen, a prep kitchen, a pantry, and a janitor/utility closet. Equipment included in the sale consists of two sales counters, one display cooler, a gas oven with six burners and a 36-inch manual griddle, three gas fryers, six fry baskets, a vent 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, four towel dispensers, and four soap dispensers. The sale includes a side lot measuring 0.22 acres, suitable for extra parking or future development. The restaurant is situated on a 0.22-acre parcel.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Clothing Store Auto Repair Shop Pharmacy Hotel & Motel Department Store Daycare Center Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.089438
    Latitude
    32.448281

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    FAQs

    What type of property is this?
    Drive through restaurant - Drive-thru restaurant with equipment and side lot for sale.
    Where is this drive through restaurant located?
    The property is located at 1648 Richwood Road 1 Monroe, LA.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - Drive-thru restaurant with existing FF&E included in the sale.; - Includes an additional .22 acre side lot, suitable for extra parking or future development.; - Fully equipped 1500 SF restaurant with front dining area, sales counter, kitchen, and restrooms.
    (318) 261-0892
    Request Owner's contact information
    1648 Richwood Road 1 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 Road 1 Monroe, LA 71202
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