Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2820 S MacArthur Dr Alexandria, LA 71301

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7,870 SF restaurant on 0.73 acres for sale.

    Type:retail
    Property size:
    7,870 SF
    Lot size:
    0.73 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 14 at 8:10 pm

    Property Features for 2820 S MacArthur Dr

    General Information

    Standard status
    Active
    Size
    7,870 SF
    Lot size
    0.73 Acres
    Property subtype
    retail

    Properties For Sale

    at 2820 S MacArthur Dr Contact us

    We can help!

    Listing Contact
    Buff Teague
    Buff Teague

    Listing agent Buff Teague License #000083353-0

    Listing office Mobile

    Listing date Apr 15, 2026

    Source Property.jll

    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 Mobile

    Overview

    Freestanding Restaurant on MacArthur Drive

    A 7,870 square foot freestanding restaurant is available for lease or sale. The former Logan’s Roadhouse restaurant is situated on a 0.73-acre parcel along MacArthur Drive. The property is located along one of Alexandria’s most active retail corridors and is surrounded by national brands including Walmart, Target, Sam’s Club, Home Depot, Hobby Lobby, and Kroger. Alexandria Mall, which houses more than 25 national retailers, is located less than one mile from the site. Nearby traffic counts exceed 27,000 vehicles per day on Highway 71, with an additional 30,300+ on nearby I-49. The surrounding trade area supports over 67,000 residents within 7 miles. All remaining FF&E will be included with the property.
    Location Intelligence

    Current Use by Public Records

    User Friendly Phone ... Marketing & Advertising Twisted Tenders Restaurant Logan's Roadhouse Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Rapides
    State
    Louisiana
    Longitude
    -92.4585263
    Latitude
    31.2669956

    Nearby Similar for Sale

    • $325,000
      3,315 SF

      Alexandria Multifamily Investment Opportunity

      Well-maintained fourplex in a convenient location, generating $3250 monthly.
      2027 JACKSON Street, Alexandria, LA 71301
      View Details
    • $130,000
      1,050 SF

      Commercial Property on MacArthur Drive

      Commercial property on 0.3 acres with high visibility.
      5120 LEO Street, Alexandria, LA 71301
      View Details
    • $275,000
      2,756 SF

      Downtown Alexandria Commercial Office Building

      Commercial office building in downtown Alexandria with parking.
      720 JACKSON Street, Alexandria, LA 71301
      View Details
    • $400,000
      5,051 SF

      Office/Warehouse Facility on 1-Acre Lot

      Versatile commercial property with office and warehouse space for sale.
      2112 N BOLTON AV, ALEXANDRIA, LA 71303
      View Details
    • $850,000
      12,830 SF

      Office/Warehouse Space For Sale

      12,830 SF office/warehouse, former automotive repair business.
      6505 Masonic Drive, Alexandria, LA 71301
      View Details
    • $160,000

      Income-Generating Property with Multiple Rentals

      Turn-key rental investment with mobile homes and lot rentals.
      6608 Second Street, Alexandria, LA 71303
      View Details
    • Contact for pricing
      11,660 SF

      Retail Shopping Center Near Mall

      Multi-tenant retail center in high-traffic area near Alexandria Mall.
      2385 S MacArthur Dr, Alexandria, LA 71301
      View Details
    • $8,250,200
      62,117 SF

      Albertsons NNN Lease Opportunity

      NNN leased Albertsons with ±4.7 years of term remaining.
      2265 S MacArthur Dr, Alexandria, LA 71301
      View Details
    • $190,000
      8,950 SF

      Alexandria Multifamily Investment Opportunity

      Multiple rental properties being sold as one package in Alexandria.
      90 Essie Street, Alexandria, LA 71301
      View Details
    • $2,080,000
      38,649 SF

      Manufacturing/Warehouse Space with Offices

      Manufacturing and warehouse space with separate offices and conference rooms.
      1501 Wimbledon Blvd, Alexandria, LA
      View Details
    • $1,612,500
      42,322 SF

      Former Call Center in Alexandria

      Furnished office building with development potential and ample parking.
      1421 Wimbledon Blvd, Alexandria, LA
      View Details
    • $10,000
      1,424 SF

      Fixer-Upper Opportunity in Alexandria

      Residential property offering renovation potential in Alexandria, Louisiana.
      1111 Yoist Street, Alexandria, LA 71301
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - 7,870 SF restaurant on 0.73 acres for sale.
    Where is this conventional restaurant located?
    The property is located at 2820 S MacArthur Dr Alexandria, LA.
    What are key features of this property?
    This property features: Freestanding 7,870 SF former Logan’s Roadhouse restaurant available for lease or sale.; Includes all remaining FF&E (furniture, fixtures, and equipment).; Located on a 0.73‑acre parcel along MacArthur Drive, a high‑traffic retail corridor.
    (251) 689-8710
    We can help!
    Listing Contact
    Buff Teague
    Buff Teague
    Real Estate License ID: 000083353-0
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!