4,820 SF Restaurant - Fully Equipped

Retail-Commercial for Sale
Catylist Listing ID: 30556376
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 4,820 SF
Gross Building Area: See Agent
Gross Land Area: 0.41 Acres
Sale Price: $395,000
Unit Price: $81.95 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Miletello's Sport City Grill
Usable Size (USF): 4,820 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/14/2020

Overview / Comments

4,820 SF restaurant with seating capacity at 133: Main Room Dining: 43; Bar Area Dining: 58; Banquet Room (former patio): 32. All Furniture and Equipment included with sale. Dishwasher under lease: AutoChlor.

Covered Exterior Boiling Station - 2 Custom made Crawfish Pots with 5-sack capability with washing and weighing stations as well as an extra walk-in cooler/double entry.

All new: interior LED lighting, ceiling in kitchen/dining areas, bar top, waitress station, locked liquor cabinet/storage at bar, enclosed patio for new banquet room area, custom made booths/tables, new flooring behind bar, office and restrooms.

Aloha POS System to remain: 2 registers, 3 computers, 3 printers with pay off of $3,600. Keguerator purchased 2017.

HVAC - 6 Units. Compressor replaced for kitchen.
Flooring Systems: Concrete slab/brick.

Exterior: 2018 "New Roof" classification/acrylic coating with warranty.
All new: security lighting, security system with cameras, exterior paint, main entrance awning. Parking 1,500 SF concrete surface with 40 spaces including handicapped accessible.

Additional Details

Nearest MSA: Monroe
County: Ouachita
Taxing Authority: Ouachita Parish
Tax ID/APN: 83457.
Zoning: B-3 GENERAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Property Located Between: Professional Drive and McMillan Road
Property Visibility: Excellent
Largest Nearby Street: Cypress St/Hwy 80
Feet of Frontage: 184
Highway Access: Hwy 80, Interstate 20
Airports: Monroe Regional Airport - 15 min (8.6 mi) via I-20 E
Site Description: .392 +/- Acre site located along the high-traffic commercial N 7th St corridor in West Monroe, LA. Excellent visibility. Class S Construction - incombustible metal. The property consists on one tract. It has an estimated 0.41 +/- Acre lot and 0.18 acre dedicated R-O-W in total with a frontage on North 7th Street, a 5-laned major thoroughfare especially since it is the main traffic feeder to West Monroe High School.
Area Description: Located in the central portion of West Monroe, the property is surrounded by fast food restaurants, retail, light commercial and convenience store facilities. The area is dominated by mixed use properties, including retail, light commercial, post office, industrial, West Monroe High School and bank sites. Cypress Street is located just 2 blocks North and Thomas Road is located 1/4 mile to the West.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1989
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Metal Siding
Exterior Description: 2018 "New Roof" classification/acrylic coating with warranty. All new: security lighting, security system with cameras, exterior paint, main entrance awning. Parking 1,500 SF concrete surface with 40 spaces including handicapped accessible.
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: 1,500 SF Concrete Surface parking with 40 stripped spaces including handicapped accessible parking. Security/safety lighting in place.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System, Window Unit
Internet Access: Cable, DSL, Satellite, T1/T3, Fiber Optic
Interior Description: 4,820 SF restaurant with seating capacity at 133: Main Room Dining: 43; Bar Area Dining: 58; Banquet Room (former patio): 32. All Furniture and Equipment included with sale. Dishwasher under lease: AutoChlor. Covered Exterior Boiling Station - 2 Custom made Crawfish Pots with 5-sack capability with washing and weighing stations as well as an extra walk-in cooler/double entry. All new: interior LED lighting, ceiling in kitchen/dining areas, bar top, waitress station, locked liquor cabinet/storage at bar, enclosed patio for new banquet room area, custom made booths/tables, new flooring behind bar, office and restrooms. Aloha POS System to remain: 2 registers, 3 computers, 3 printers with pay off of $3,600. Keguerator purchased 2017. HVAC - 6 Units. Compressor replaced for kitchen. Flooring Systems: Concrete slab/brick.
Zoning Description: B-3 General Business District
Lot Frontage: 184 Feet
Lot Depth: 106 Feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Owned
Legal Description: .41 AC IN SEC 43 T18N R3E BEG ATNW COR AMERICAN LAND CO PROPERTYFOR POB, N7W 138.22 FT, N64E134.42 FT, S1W 67.23 FT, S25E25.5 FT, S64W 20 FT, S25E 20 FT,S 60.42 FT, S80W 106.29 FT TOPOB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,389 48,076 94,565
Median Age: 34.64 36.33 34.81
Households: 2,367 20,296 37,165

Contact

Photograph of Listing Agent

Jennifer Causey

John Rea Realty Monroe, LA 71201
Not a member of MCAR
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