Gas Station with Convenience
For Sale
$700,000
3047 Highway 1, Grand Isle, LA 70358
Fuel sales are complemented by a convenience store offering hot breakfast and lunch.
Property Size2,040 SF
Price / SF$343.14
Days on Market9
Property Features for 3047 Highway 1
General Information
Standard status
Active
Size
2,040 SF
Additional Details
Business Included
Yes
Listing Agency:
Island Realty
Listed By:
Sadie Galiano · License #73867
(504) 352-8840
Source:
Smithsquared
Added: Sep 29
Last Checked: Oct 5 at 9:34PM
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 Island Realty
Investment Insights
Based on property information with market context.
This Grand Isle gas station and convenience store pairs fuel service with prepared breakfast and lunch. Its pumps dispense non-ethanol gasoline, and the sale includes trade fixtures, furnishings, and inventory. The business has operated since 1959.
The property is at 3047 Highway 1 in Grand Isle, Louisiana. The area draws more than 30,000 visitors during a typical summer weekend.
The property is at 3047 Highway 1 in Grand Isle, Louisiana. The area draws more than 30,000 visitors during a typical summer weekend.
Key Highlights
- Non‑ethanol gasoline available at the fuel pumps
- Convenience store offers hot breakfast and lunch
- Trade fixtures, furnishings, and inventory included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,546
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,920
$690.9K
Cap Rate 7%
$493,514
$493.5K
Cap Rate 9%
$383,844
$383.8K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$47.0K $23.04/SF
− Vacancy
−$940 −$0.46/SF
EGI
$46.1K $22.58/SF
− OpEx
−$11.5K −$5.64/SF
NOI
$34.5K $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%
$690,920
Cap Rate 7%
$493,514
Cap Rate 9%
$383,844
Alternative Uses
Best Use
Specialty Retail
$493.5K
$431.8K – $575.8K
NOI $34,546 @ 7.0% cap · market cap 4.94%
Second Best
Retail
$460.6K
$403.0K – $537.4K
NOI $32,243 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$538.2K
$470.9K – $627.9K
NOI $37,675 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Gas station - Fuel sales are complemented by a convenience store offering hot breakfast and lunch.
Where is this gas station located?
The property is located at 3047 Highway 1 Grand Isle, LA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Non‑ethanol gasoline available at the fuel pumps; Convenience store offers hot breakfast and lunch; Trade fixtures, furnishings, and inventory included in the sale
