Property profile

2230 Tower Dr Monroe, LA 71201

OFF-MARKET
Commercial real estate
Property ID
US36-0246828
3,785 SF 0.73 ac lot Built 2006
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,785 square foot restaurant is ideally situated on a 0.73-acre lot in the heart of Monroe, Louisiana. Its prime location offers unparalleled access to a diverse range of amenities, including nearby hospitals, entertainment venues, residential areas, and apartment complexes, ensuring a consistent flow of potential customers. The property presents a remarkable investment opportunity for discerning buyers seeking a well-positioned, established business in a thriving community. The substantial building size allows for ample space to accommodate a variety of restaurant concepts or potential expansion. The 0.73-acre lot provides ample parking and potential for outdoor seating or further development. This turnkey operation is ready for a new owner to step in and capitalize on its established presence and strategic location within Monroe's vibrant commercial landscape. The asking price of $1,899,000 reflects the significant value and potential return on investment this property offers. This is a rare chance to acquire a well-established restaurant in a high-demand area, making it an exceptional opportunity for growth and profitability. Serious inquiries are encouraged to explore this lucrative investment prospect further. The property's central location ensures high visibility and accessibility, making it an attractive destination for both locals and visitors.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2006
Total area 3,785 SF
Lot 0.73 ac (31,897 SF)
APN 113486
UPID US36-0246828

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2230 Tower Dr Monroe, LA 71201-5753
Monroe metro Census 1700 MONROE, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2025
2 recorded transactions
2025
$1.5M
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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