Turnkey Restaurant and
For Lease
$5,800/Mo
1701 Lake Avenue, Metairie, LA 70005
Fully operating restaurant and bar with an equipped kitchen and video poker in place under a long-term lease structure.
Space SizeContact for details
Days on Market196
Property Features for 1701 Lake Avenue
General Information
Standard status
Active
Property subtype
Retail
Zoning
OBM2
Lease Type
NNN
Additional Details
Furnished
Yes
Business Included
Yes
Spaces For Lease
at 1701 Lake Avenue Contact usAvailable Space $5,800/Mo
Contact us
Listing Agency:
NAI Rampart Commercial Real Estate New Orleans
Listed By:
Schaffer Mickal · License #SALE.0000022404-ACT
(504) 525-1311
Source:
Lacdb.resimplifi
Added: Feb 24
Changed: Sep 8
Last Checked: Sep 8 at 5:38AM
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 NAI Rampart Commercial Real Estate New Orleans
Investment Insights
Based on property information with market context.
This turnkey, fully operating restaurant and bar includes a full kitchen equipped for service and video poker in place. The operation has been established for 30 years and offers breakfast, lunch, and dinner. The owner is willing to stay on as a non-working partner, supporting continuity for an incoming operator.
The offering is structured as a sale of the business together with a long-term lease. Public remarks indicate the business is for sale for $50,000, and no lease is offered without purchase of the business. A long-term lease is available starting at $5,800 per month for a 2,700-square-foot space.
Interested parties should plan for a business-and-lease arrangement rather than a standalone lease.
The offering is structured as a sale of the business together with a long-term lease. Public remarks indicate the business is for sale for $50,000, and no lease is offered without purchase of the business. A long-term lease is available starting at $5,800 per month for a 2,700-square-foot space.
Interested parties should plan for a business-and-lease arrangement rather than a standalone lease.
Key Highlights
- Fully operating restaurant and bar offering breakfast, lunch, and dinner
- Video poker split averaging over $100,000 per year
- Sale includes business for $50,000; no lease without purchase of the business
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type
$3.87 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Regions Bank
Shops & Services
2,240 visits/mo
0.4 miles
Domino's Pizza
Dining
2,053 visits/mo
0.1 miles
Demographics for 70005, LA
25,431
Population
12,447
Households
2
Avg Household Size
45
Median Age
50%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
6,055
Density / Sq Mi
$86,048
Median Household Income
$53,258
Median Earnings
$1,160
Median Rent
$381,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully operating restaurant and bar with an equipped kitchen and video poker in place under a long-term lease structure.
Where is this conventional restaurant located?
The property is located at 1701 Lake Avenue Metairie, LA.
What is the lease rate?
The lease rate is $5,800/Mo.
What are key features of this property?
This property features: Fully operating restaurant and bar offering breakfast, lunch, and dinner; Video poker split averaging over $100,000 per year; Sale includes business for $50,000; no lease without purchase of the business
