3027 Highway 1, Grand Isle, LA 70358
Successful restaurant with local seafood and Cajun cuisine.
- Added:
- Oct 2, 2024
- Days on Market:
- 644
- Last Refresh:
- Jul 4 at 4:53 am
Property Features for 3027 Highway 1
General Information
- Standard status
- Active
- Size
- 2,698 SF
- Lot size
- 0.20 Acres
- Property subtype
- Commercial/Industrial
Listing office CENTRAL LAFOURCHE REALTY LLC (985) 209-4526
Listing date Oct 2, 2024
Source Exitrealty
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 CENTRAL LAFOURCHE REALTY LLC
HighLights
- Well‑established, successful restaurant.
- Prime location in the heart of Grand Isle, LA.
- Focus on local seafood and Cajun cuisine.
- Cozy and casual atmosphere.
- Gulf Coast vibes and view of the nearby beach.
- Diverse menu including gumbo, steaks, burgers, and fresh seafood.
Overview
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 | $62.2k | $23.04 |
| − Vacancy | −$1.2k | −$0.46 |
| EGI | $60.9k | $22.58 |
| − OpEx | −$15.2k | −$5.64 |
| NOI | $45.7k | $16.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Isle
- County
- Jefferson
- State
- Louisiana
- Longitude
- -89.999944
- Latitude
- 29.229767
