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 Market39
Property Features for 514 Washington Ave
General Information
Standard status
Pending
Size
1,800 SF
Additional Details
Business Included
Yes
Listing Agency:
Bromley Real Estate Inc
(318) 426-7367
Listed By:
Joyce Landrum
(318) 426-7367
Source:
Exprealty
Added: Jun 22
Changed: Jul 28
Last Checked: Jul 30 at 11:48AM
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
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 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 |
1,800 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 25.00%
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.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
