Drive-Through Restaurant
For Sale
$830,000
1200 MACARTHUR Drive, Alexandria, LA 71301
Commercial Sale, Alexandria, LA
Property Size2,600 SF
Lot Size0.53 Acres
Price / SF$319.23
Days on Market63
Property Features for 1200 MACARTHUR Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Parking features
Parking Lot
Directions
Turn left onto Macarthur drive coming from Jackson street ext.
Subdivision
100 Rapides, Alex Side
Standard status
Active
APN
24-31-32062-8
Size
2,600 SF
Lot size
0.53 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
0.5165 AC: LOT FRTG. 150' ON W. SIDE OF MAC ARTHUR DR. X 150' IN SEC. 31, T4NR1W (9000-C BI 19640)--(CB 1128-144 MAC ARTHUR ASSOC)(CB 1297-654)(CB 130
Legal Description
0.5165 AC: LOT FRTG. 150' ON W. SIDE OF MAC ARTHUR DR. X 150' IN SEC. 31, T4NR1W (9000-C BI 19640)--(CB 1128-144 MAC ARTHUR ASSOC)(CB 1297-654)(CB 130
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Amenities
drive-thru ordering window
three new A/C units
Building Details
Year built
1990
Floors in Building
1
Building materials
Brick
Buildings
1
Listing Agency:
CALL THE KELONES REALTY
(318) 442-9890
Listed By:
Manli Teng · License #995716767
(318) 730-8071
Added: Aug 22
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2573795
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant property contains a 2,600-square-foot building constructed in 1990. Brick construction, a drive-through ordering window, and three recently installed A/C units are among its existing features. The restaurant is occupied by a tenant, and the site includes a parking lot with more than 20 spaces.
The property occupies 0.53 acres in Alexandria, Louisiana, between two hospitals. C-2 zoning, public water and sewer, and natural gas availability are also documented for the site.
The property occupies 0.53 acres in Alexandria, Louisiana, between two hospitals. C-2 zoning, public water and sewer, and natural gas availability are also documented for the site.
Key Highlights
- 2,600‑square‑foot restaurant building on 0.53 acres
- Tenant in place
- Drive‑through ordering window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,733
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,660
$634.7K
Cap Rate 7%
$453,329
$453.3K
Cap Rate 9%
$352,589
$352.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$44.3K $17.04/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$42.3K $16.27/SF
− OpEx
−$10.6K −$4.07/SF
NOI
$31.7K $12.20/SF
Area
Rapides County, LA
Vacancy
4.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,660
Cap Rate 7%
$453,329
Cap Rate 9%
$352,589
Alternative Uses
Best Use
Specialty Retail
$453.3K
$396.7K – $528.9K
NOI $31,733 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$716.7K
$627.1K – $836.2K
NOI $50,170 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
400k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 22%
Groceries 13%
Apparel 11%
Kroger
Groceries
51,033 visits/mo
0.5 miles
Texas Roadhouse
Dining
44,153 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
37,057 visits/mo
0.2 miles
Chick-fil-A
Dining
34,096 visits/mo
0.3 miles
Burlington
Apparel
29,561 visits/mo
0.5 miles
Demographics for 71301, LA
20,454
Population
9,173
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
12.5 sq mi
ZIP Area
1,636
Density / Sq Mi
$44,330
Median Household Income
$31,233
Median Earnings
$919
Median Rent
$156,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Tenant occupancy, a dedicated ordering window, and on-site parking support restaurant operations.
Where is this drive through restaurant located?
The property is located at 1200 MACARTHUR Drive Alexandria, LA.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: 2,600‑square‑foot restaurant building on 0.53 acres; Tenant in place; Drive‑through ordering window
