1420 Cooktown RdRuston, LA 71270

  • Other commercial real estate
  • 2,782 SF
For Sale
$875,000 View listing

Property Details for 1420 Cooktown Rd

Year built
2016
Lot size
0.94 AC
Property size (Sq ft)
2,782 SF
Property type
Other commercial real estate
APN
36289
APU
36289

Description

This exceptional 2,800 square foot restaurant building presents a rare opportunity in Ruston, LA. Ideally situated just 700 feet north of I-20, this high-visibility location boasts significant foot traffic due to its proximity to a thriving new shopping center anchored by Hobby Lobby, Old Navy, and Ulta. The property enjoys a prime position next to a Dairy Queen, ensuring consistent customer flow. Established as a successful restaurant for over two decades, this property underwent a major remodel and expansion in 2016. The current layout includes approximately 1,350 square feet of kitchen and service space, 1,350 square feet of customer dining area, and a 500 square foot outdoor patio, providing ample space for various operations. The 0.94-acre lot offers 37 parking spaces and a convenient drive-thru, all within a well-landscaped concrete parking lot. A 1,000-gallon underground grease trap is already in place. All existing equipment, furniture, and fixtures are included in the asking price of $875,000. This turnkey operation is perfect for a restaurant, but its versatile design and location also make it suitable for office or retail use. Don't miss this chance to acquire a well-established, high-traffic property in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $505,997
    Hospitality
    $463,491
    Educational
    $385,619
    Medical
    $398,881
    Retail
    $599,852
1420 Cooktown Rd, Ruston, Louisiana

Location Insight

City
Ruston
County
Lincoln
State
Louisiana
Latitude
32.5432
Longitude
-92.6526
CBSA code
40820
CBSA name
RUSTON, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,706
$28,313
$35,894
$64,207
-
$283,131
$239,294
$522,425

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