Mixed-Use Building with
1-3-2801 Loyola Dr Kenner, LA 70065
1-3-2801 Loyola Dr, Kenner, LA, 70065
$540,000
For Sale
$540,000
Condo building with shared parking and options to purchase equipment with or without the structure.
Property Size2,300 SF
Price / SF$234.78
Days on Market351
Property Features for 1-3-2801 Loyola Dr
General Information
- Standard status
- Active
- Size
- 2,300 SF
Listing agency
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 338-5731
Listed by
Latasha Johnson - Oliver
(504) 338-5731
Source
Exprealty
Added: Aug 5, 2025 Updated: Jul 21 at 6:02PM Checked: Jul 21 at 6:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Preferred, REALTOR
Investment Insights
Based on property information with market context.
This property is a condo-style commercial building offered for sale with shared parking. Public remarks indicate the existing setup can support multiple concepts, and the equipment may be sold with or without the building; the owner will remove restaurant equipment for a negotiated offer. The listing also notes that any non-refundable down payment may apply if the seller is required to remove equipment, subject to offer terms.
The building is described as being along the route to Louis Armstrong Airport, and parking is shared with other users. Condo fees are listed at $1,996.45 per month ($7,985.80 annually), and the remarks state the fees include items such as water, electricity, trash, lawn and dumpster maintenance, and insurance of the property.
The property is presented as a flexible space with the operational history or configuration associated with restaurant-related equipment, while also allowing for alternative uses as discussed in the remarks.
The building is described as being along the route to Louis Armstrong Airport, and parking is shared with other users. Condo fees are listed at $1,996.45 per month ($7,985.80 annually), and the remarks state the fees include items such as water, electricity, trash, lawn and dumpster maintenance, and insurance of the property.
The property is presented as a flexible space with the operational history or configuration associated with restaurant-related equipment, while also allowing for alternative uses as discussed in the remarks.
Key Highlights
- Condo building with shared parking and options to purchase equipment with or without the structure
- Condo fees are $1,996.45 monthly ($7,985.80 yearly)
- Condo fees include water, electricity, trash, lawn and dumpster maintenance, and property insurance
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.0k | $23.04 |
| − Vacancy | −$1.1k | −$0.46 |
| EGI | $51.9k | $22.58 |
| − OpEx | −$13.0k | −$5.64 |
| NOI | $38.9k | $16.93 |
2,300 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$556.4K
$486.9K – $649.2K
NOI $38,949 @ 7.0% cap · market cap 7.21%
Second Best
Healthcare Medical
$479.1K
$419.2K – $558.9K
NOI $33,534 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$606.8K
$531.0K – $707.9K
NOI $42,476 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Condo building with shared parking and options to purchase equipment with or without the structure.
Where is this conventional restaurant located?
The property is located at 1-3-2801 Loyola Dr Kenner, LA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Condo building with shared parking and options to purchase equipment with or without the structure; Condo fees are $1,996.45 monthly ($7,985.80 yearly); Condo fees include water, electricity, trash, lawn and dumpster maintenance, and property insurance
