Seafood and Cajun
For Sale
$899,000
3027 Highway 1, Grand Isle, LA 70358
Operating restaurant property with a broad menu and a coastal setting near the beach.
Property Size2,698 SF
Price / SF$333.21
Days on Market48
Property Features for 3027 Highway 1
General Information
Standard status
Active
Size
2,698 SF
Listing Agency:
CENTRAL LAFOURCHE REALTY LLC
Listed By:
Paula Marschik · License #24901
(985) 537-7878
Source:
Smithsquared
Added: Aug 30
Changed: Oct 9
Last Checked: Oct 7 at 4:42PM
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
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Investment Insights
Based on property information with market context.
This 2,698-square-foot restaurant property at 3027 Highway 1 in Grand Isle offers an established dining operation with a casual, comfortable setting. The menu includes local seafood and Cajun fare alongside gumbo, steaks, burgers, and other selections.
The property is positioned in a Gulf Coast environment and includes views toward the nearby beach. Its restaurant use and existing food-service format provide a defined commercial asset in Grand Isle, Louisiana.
The property is positioned in a Gulf Coast environment and includes views toward the nearby beach. Its restaurant use and existing food-service format provide a defined commercial asset in Grand Isle, Louisiana.
Key Highlights
- 2,698‑square‑foot restaurant property
- 3027 Highway 1, Grand Isle, LA 70358
- Menu includes local seafood and Cajun cuisine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,689
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,780
$913.8K
Cap Rate 7%
$652,700
$652.7K
Cap Rate 9%
$507,656
$507.7K
Market Conditions
NOI Build-Up for 2,698 SF
Gross rent
$62.2K $23.04/SF
− Vacancy
−$1.2K −$0.46/SF
EGI
$60.9K $22.58/SF
− OpEx
−$15.2K −$5.64/SF
NOI
$45.7K $16.93/SF
Area
Jefferson County, LA
Vacancy
2.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,780
Cap Rate 7%
$652,700
Cap Rate 9%
$507,656
Alternative Uses
Best Use
Specialty Retail
$652.7K
$571.1K – $761.5K
NOI $45,689 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$711.8K
$622.8K – $830.5K
NOI $49,827 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70358, LA
1,005
Population
1,703
Households
0.6
Avg Household Size
51
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
155
Density / Sq Mi
$43,707
Median Earnings
$1,118
Median Rent
$266,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant property with a broad menu and a coastal setting near the beach.
Where is this conventional restaurant located?
The property is located at 3027 Highway 1 Grand Isle, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,698‑square‑foot restaurant property; 3027 Highway 1, Grand Isle, LA 70358; Menu includes local seafood and Cajun cuisine
