Restaurant Building With Shared
For Sale
$540,000
2801 Loyola Drive #1-3, Kenner, LA 70062
Restaurant equipment can remain with the property or be removed as part of an agreed transaction.
Days on Market513
Property Features for 2801 Loyola Drive #1-3
General Information
Standard status
Active
Property subtype
Commercial
Zoning
COMMER
Additional Details
Utilities to Site
Yes
Building Details
Building Size
2,300 SF
Year Built
1979
Listing Agency:
Berkshire Hathaway Homeservices Preferred, Realtor
(504) 338-5731
Listed By:
Latasha Johnson - Oliver
(504) 338-5731
Source:
Nolalivingrealty
Added: Mar 7, 2025
Changed: Aug 2
Last Checked: Aug 2 at 2:12PM
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.
Built in 1979, this restaurant-oriented commercial building is identified as units #1-3 within a condominium property. Existing restaurant equipment is available with the sale, subject to the transaction terms; the owner may remove the equipment if an agreement calls for its removal.
The property is located at 2801 Loyola Drive in Kenner, along the route toward Louis Armstrong Airport. Zoning is listed as COMMER. Parking is shared, while condominium services include water, electricity, trash, lawn and dumpster maintenance, and property insurance.
The property is located at 2801 Loyola Drive in Kenner, along the route toward Louis Armstrong Airport. Zoning is listed as COMMER. Parking is shared, while condominium services include water, electricity, trash, lawn and dumpster maintenance, and property insurance.
Key Highlights
- Restaurant building at 2801 Loyola Drive #1‑3, Kenner, LA 70062
- Built in 1979
- COMMER zoning designation
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
Retail
$519.3K
$454.4K – $605.9K
NOI $36,353 @ 7.0% cap · market cap 6.73%
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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
266k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Superstores 34%
Dining 29%
Apparel 1%
Sam's Club
Superstores
89,356 visits/mo
0.2 miles
Sam's Club Gas Station
Shops & Services
46,517 visits/mo
0.1 miles
McDonald's
Dining
26,955 visits/mo
0.2 miles
Exxon
Shops & Services
26,534 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
16,426 visits/mo
0.2 miles
Demographics for 70062, LA
16,627
Population
6,679
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
7.1 sq mi
ZIP Area
2,342
Density / Sq Mi
$55,293
Median Household Income
$33,499
Median Earnings
$1,150
Median Rent
$197,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant equipment can remain with the property or be removed as part of an agreed transaction.
Where is this conventional restaurant located?
The property is located at 2801 Loyola Drive #1-3 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: Restaurant building at 2801 Loyola Drive #1‑3, Kenner, LA 70062; Built in 1979; COMMER zoning designation
