Restaurant Business for
For Sale
$295,000
Pending
514 Washington Ave, Mansfield, LA 71052
Restaurant business offered for sale on an AS-IS basis, with no repairs provided by the seller.
Property Size1,800 SF
Days on Market132
Property Features for 514 Washington Ave
General Information
Standard status
Pending
Size
1,800 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,044
Listing Agency:
Bromley Real Estate Inc
Listed By:
Joyce Landrum
(318) 426-7367
Source:
Exprealty
Added: Jun 22
Changed: Oct 26
Last Checked: Oct 30 at 3:28PM
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 Bromley Real Estate Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is being offered for sale as a restaurant-producing business, listed as sold AS-IS with no repairs provided by the seller. The reported square footage is an estimate.
The property is located at 514 Washington Ave in Mansfield, positioned in the heart of the city.
Interested buyers should plan to complete their own due diligence regarding the condition and any needed improvements, since the sale is subject to the AS-IS terms stated in the remarks.
The property is located at 514 Washington Ave in Mansfield, positioned in the heart of the city.
Interested buyers should plan to complete their own due diligence regarding the condition and any needed improvements, since the sale is subject to the AS-IS terms stated in the remarks.
Key Highlights
- Restaurant business for sale in the city of Mansfield
- Offered for sale on an AS‑IS basis with no repairs provided by the seller
- Square footage is an estimate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,007
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,140
$400.1K
Cap Rate 7%
$285,814
$285.8K
Cap Rate 9%
$222,300
$222.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$28.1K $15.60/SF
− Vacancy
−$1.4K −$0.78/SF
EGI
$26.7K $14.82/SF
− OpEx
−$6.7K −$3.70/SF
NOI
$20.0K $11.11/SF
Area
De Soto County, LA
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,140
Cap Rate 7%
$285,814
Cap Rate 9%
$222,300
Alternative Uses
Best Use
Specialty Retail
$285.8K
$250.1K – $333.5K
NOI $20,007 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71052, LA
9,409
Population
4,579
Households
2.1
Avg Household Size
41
Median Age
6%
College-Educated
78%
High-School Grad
319.9 sq mi
ZIP Area
29
Density / Sq Mi
$34,661
Median Household Income
$26,207
Median Earnings
$694
Median Rent
$92,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant business offered for sale on an AS-IS basis, with no repairs provided by the seller.
Where is this conventional restaurant located?
The property is located at 514 Washington Ave Mansfield, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Restaurant business for sale in the city of Mansfield; Offered for sale on an AS‑IS basis with no repairs provided by the seller; Square footage is an estimate
