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Property profile & analytics
OFF-MARKET
Restaurants

1648 Richwood Rd Monroe, LA 71202

1,500 SF 0.43 ac lot Built 2014
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Restaurants
Year built 2014
Total area 1,500 SF
Lot 0.43 ac (18,731 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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