Convenience Store with Full-Service
2920 Monroe St Alexandria, LA 71301
2920 Monroe St, Alexandria, LA, 71301
$650,000
For Sale
$650,000
For-sale convenience store with a full-service kitchen, operational equipment, and attached suite plus separate storage building.
Property Size5,971 SF
Price / SF$108.86
Days on Market106
Property Features for 2920 Monroe St
General Information
- Standard status
- Active
- Size
- 5,971 SF
Listing agency
Keller Williams Realty-First Choice
(225) 288-6539
Listed by
Lamar Albagdadi
(225) 288-6539
Source
Exprealty
Added: Apr 7 Updated: Jul 21 at 12:22PM Checked: Jul 21 at 12:22PM
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 Keller Williams Realty-First Choice
Investment Insights
Based on property information with market context.
Located at 2920 Monroe St, this well-established convenience store is offered for sale with a fully operational setup and equipment included. The property also includes a full-service kitchen, supporting food service and retail in one location. An attached additional suite provides flexibility for uses such as a meat market or specialty retail, or it can be leased as a separate rental space.
Outside the main building, there is also a separate storage building that is currently used for storage and may support rental income or expanded business use. The site sits on over 0.7 acres and offers space intended for visibility and accessibility for day-to-day operations.
With the core store operation already in place and supplemental space on-site, this property is well suited for an owner-operator looking for an operational convenience concept with room to add or lease additional space.
Outside the main building, there is also a separate storage building that is currently used for storage and may support rental income or expanded business use. The site sits on over 0.7 acres and offers space intended for visibility and accessibility for day-to-day operations.
With the core store operation already in place and supplemental space on-site, this property is well suited for an owner-operator looking for an operational convenience concept with room to add or lease additional space.
Key Highlights
- For‑sale convenience store at 2920 Monroe St with a fully operational store and full‑service kitchen
- All equipment remains with the property for an owner‑operator or investor
- Attached additional suite offers flexibility for retail/meat market uses or as rental income
Local Financial Insights For Industrial
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 | $56.6k | $9.48 |
| − Vacancy | −$3.8k | −$0.64 |
| EGI | $52.8k | $8.84 |
| − OpEx | −$15.8k | −$2.65 |
| NOI | $36.9k | $6.18 |
5,971 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.04M
$910.9K – $1.21M
NOI $72,875 @ 7.0% cap · market cap 11.21%
Second Best
Retail
$1.03M
$898.1K – $1.20M
NOI $71,849 @ 7.0% cap · market cap 11.05%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,216 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Monroe Market
Grocery & Convenience Store
Nanf Side Meat ...
Take-out & Catering
Save most
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Reina's Mercado — 740 MacArthur Dr Suite B, Alexandria, LA 71303
FAQs
What type of property is this?
Grocery and convenience store - For-sale convenience store with a full-service kitchen, operational equipment, and attached suite plus separate storage building.
Where is this grocery and convenience store located?
The property is located at 2920 Monroe St Alexandria, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: For‑sale convenience store at 2920 Monroe St with a fully operational store and full‑service kitchen; All equipment remains with the property for an owner‑operator or investor; Attached additional suite offers flexibility for retail/meat market uses or as rental income
