514 Washington Avenue, Mansfield, LA 71052
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 514 Washington Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Pending
- APN
- 0400755470
- Size
- 1,800 SF
- Lot size
- 0.59 Acres
Taxes and HOA fees
- Tax Description
- A TRACT OF AND SITUATED IN THE NW 1/4 OF SEC
- Tax Annual Amount
- 2044
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Brick
- Building materials
- Brick
Listing agent Joyce Landrum (318) 686-7367
Listing office Bromley Real Estate Inc Granger, LA (318) 426-7367
Listing date Jun 23, 2026
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick construction with brick flooring
- Central heating and central air conditioning
- Parking lot on‑site
- Served by public water and public sewer
- Built in 1970
Overview
The property is located at 514 Washington Avenue in the heart of Mansfield, Louisiana, in DeSoto Parish (71052). It is positioned for convenient access to the area it serves.
For buyers seeking a turnkey restaurant business opportunity, this listing presents an AS-IS purchase framework with the restaurant operating as a producing business. Interested parties should plan to conduct their own due diligence on condition and any needed repairs, since none are included with the sale.
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 | $28.1k | $15.60 |
| − Vacancy | −$1.4k | −$0.78 |
| EGI | $26.7k | $14.82 |
| − OpEx | −$6.7k | −$3.70 |
| NOI | $20.0k | $11.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- De Soto
- State
- Louisiana
- Longitude
- -93.711123
- Latitude
- 32.031218
