Restaurant with Pickup
For Sale
Contact for pricing
2018 Chemin Metairie Parkway, Youngsville, LA 70592
The 4,410-square-foot space includes a large dining area, a party room, and a bar.
Property Size4,410 SF
Price / SF$0.00
Days on Market292
Property Features for 2018 Chemin Metairie Parkway
General Information
Standard status
Active
Size
4,410 SF
Restaurant
Patio
Yes
Equipment Included
No
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11
Listing Agency:
The Lolley Group, LLC
(337) 268-4020
Listed By:
Cecil Little · License #27111
(337) 280-1235
Source:
Exprealty
Added: Jan 15
Changed: Nov 1
Last Checked: Nov 1 at 3:53PM
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 The Lolley Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,410-square-foot restaurant has a large dining room, a separate party room, and a bar area. A pickup window and outdoor seating are also part of the existing setup. The restaurant is currently operating as Pizzaville, and equipment may be purchased from the tenant.
Located at 2018 Chemin Metairie Parkway in Youngsville, the property is available for sale. Showings are arranged through the agent.
Located at 2018 Chemin Metairie Parkway in Youngsville, the property is available for sale. Showings are arranged through the agent.
Key Highlights
- 4,410‑square‑foot restaurant space
- Pickup window and outdoor seating
- Large dining area, party room, and bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,303
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,060
$1.1M
Cap Rate 7%
$818,614
$818.6K
Cap Rate 9%
$636,700
$636.7K
Market Conditions
NOI Build-Up for 4,410 SF
Gross rent
$83.1K $18.84/SF
− Vacancy
−$6.7K −$1.51/SF
EGI
$76.4K $17.33/SF
− OpEx
−$19.1K −$4.33/SF
NOI
$57.3K $12.99/SF
Area
Lafayette County, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,060
Cap Rate 7%
$818,614
Cap Rate 9%
$636,700
Alternative Uses
Best Use
Specialty Retail
$818.6K
$716.3K – $955.1K
NOI $57,303 @ 7.0% cap · market cap 318,350.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$912.3K – $1.22M
NOI $72,987 @ 7.0% cap · market cap 405,483.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70592, LA
28,975
Population
11,583
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
682
Density / Sq Mi
$93,453
Median Household Income
$53,063
Median Earnings
$1,106
Median Rent
$239,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The 4,410-square-foot space includes a large dining area, a party room, and a bar.
Where is this conventional restaurant located?
The property is located at 2018 Chemin Metairie Parkway Youngsville, LA.
What are key features of this property?
This property features: 4,410‑square‑foot restaurant space; Pickup window and outdoor seating; Large dining area, party room, and bar
