1648 Richwood Rd Monroe, LA 71202
This exceptional 1,500 square foot restaurant in Monroe, LA, presents a fantastic investment opportunity. Boasting a convenient drive-thru, the property includes a 465 square foot front dining area, sales counter, two public restrooms, a main kitchen, prep kitchen, pantry, and a janitor/utility closet. The sale includes a comprehensive suite of commercial kitchen equipment, encompassing two sales counters, a display cooler, a gas oven with six burners and a 36-inch manual griddle, three gas fryers with six baskets, a vented hood with a fire suppression system, a glass double-door cooler, a commercial ice maker, a three-compartment sink, two hand sinks, steel shelving, two refrigerators, and four towel and soap dispensers. Adding significant value, a 0.22-acre side lot is included, ideal for additional parking or future expansion. This presents a unique opportunity to acquire a thriving business with significant potential for growth. An adjacent 0.25-acre lot is also available for separate purchase at $20,000, offering further expansion possibilities. The property sits on a total of 0.43 acres. Detailed floor plans are available upon request. This turnkey operation is ready for a new owner to step in and continue its success.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.