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    6180 La-129 Monterey, LA 71354

    For Sale
    $850,000

    Turnkey Retail Business, High Demand

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Exceptional opportunity to acquire the established Monterey Market, a thriving grocery store located at 6180 LA-129, Monterey, LA 71354. This single-story, Class B retail property boasts 6,300 square feet of net rentable space on a 1.03-acre lot (45,000 sq ft). Currently operating at 100% occupancy as a single-tenant, owner-user business, the property is offered at $850,000. The sale includes the building, the established business, and all associated fixtures and equipment. The property is categorized as a storefront, grocery store, and operates under a NNN lease. Its prime location in Concordia Parish, Louisiana, ensures high demand, as evidenced by strong customer reviews. This turnkey operation presents a unique opportunity for an investor seeking a profitable, established business with significant growth potential. The Associated Grocers affiliation further enhances the market position and profitability of this well-regarded community staple. Property details include APN 0500148777A.

    Property Features for 6180 La-129

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,000 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Established grocery store, Monterey Market, in Monterey, LA.
    • 6,300 SF net rentable space on a 1.03‑acre lot.
    • $850,000 sale price includes building, business, and fixtures.
    • 100% occupied, single‑tenant, owner‑user NNN lease.
    • Prime location in Concordia Parish, LA, with strong customer demand.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Monterey
    County
    Concordia Parish
    State
    Louisiana
    Longitude
    -91.7176035
    Latitude
    31.4499684

    Nearby Comparable

    • $165,000
      0.80 Acres

      Waterfront Lot on Black River

      Waterfront lot with boathouse and utilities in Monterey, Louisiana.
      129 Tbd Hwy, Monterey, LA 71354
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    • $30,000
      0.34 Acres

      Waterfront Lot on Old River

      Waterfront lot equipped for camper with utilities and river access.
      155 Deer Park Rd, Vidalia, LA 71373
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Turnkey Retail Business, High Demand
    Where is this individual retail property located?
    The property is located at 6180 La-129 Monterey, LA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Established grocery store, Monterey Market, in Monterey, LA.; 6,300 SF net rentable space on a 1.03-acre lot.; $850,000 sale price includes building, business, and fixtures.
    Request Owner's contact information
    6180 La-129 Monterey, LA 71354
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    Monterey, LA 71354
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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
    6180 La-129 Monterey, LA 71354
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