Restaurant with Commercial
For Sale
$625,000
602 W Admiral Doyle Drive, New Iberia, LA 70560
Commercial Sale, New Iberia, LA
Property Size6,350 SF
Lot Size0.92 Acres
Price / SF$98.43
Days on Market47
Property Features for 602 W Admiral Doyle Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Exterior features
Outside Storage
Subdivision
Badeaux
Directions
Hwy 90 to New Iberia Take Jefferson Island Exit Left under overpass towards Admiral Doyle Left on Admiral Doyle Restauraant on right
Standard status
Active
APN
0500117407
Size
6,350 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Description
1-200x200 Itme # 2 Badeaux, ZEZ ST. VERNA ST ADIRAL DOYLE DR. BEING PART OF BLK 6 BADEAUX SUB # 1
Legal Description
1-200x200 Itme # 2 Badeaux, ZEZ ST. VERNA ST ADIRAL DOYLE DR. BEING PART OF BLK 6 BADEAUX SUB # 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile - Ceramic
Additional Structures
Storage
Listing Agency:
Marquis Realty Group, LLC
(337) 451-6999
Listed By:
Lisa D Keeter · License #99563550
(337) 281-0947
Added: Aug 28
Changed: Oct 8
Last Checked: Oct 13 at 6:06PM
MLS# 2600008118
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Configured for restaurant use, the 6,350-square-foot property includes dining space, a bar, kitchen, large office, storage room, and two bathrooms. The kitchen equipment included in the sale comprises a freezer, cooler, stove, and preparation area. A trailer at the rear of the property is also included.
Improvements completed in 2022 included new flooring, interior and exterior paint, a new bar area with neon lighting, air conditioning, and furniture such as tables, booths, and stools. The property occupies 0.92 acres and is zoned R2. Public water and public sewer serve the site.
Improvements completed in 2022 included new flooring, interior and exterior paint, a new bar area with neon lighting, air conditioning, and furniture such as tables, booths, and stools. The property occupies 0.92 acres and is zoned R2. Public water and public sewer serve the site.
Key Highlights
- 6,350‑square‑foot restaurant property on 0.92 acres
- 2022 remodel included flooring, paint, bar area, air conditioning, and furniture
- Kitchen equipment includes a freezer, cooler, stove, and preparation area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,991
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,820
$659.8K
Cap Rate 7%
$471,300
$471.3K
Cap Rate 9%
$366,567
$366.6K
Market Conditions
NOI Build-Up for 6,350 SF
Gross rent
$49.4K $7.78/SF
− Vacancy
−$2.3K −$0.36/SF
EGI
$47.1K $7.42/SF
− OpEx
−$14.1K −$2.23/SF
NOI
$33.0K $5.20/SF
Area
Iberia County, LA
Vacancy
4.60%
Lease Rate
$7.78 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,820
Cap Rate 7%
$471,300
Cap Rate 9%
$366,567
Alternative Uses
Best Use
Industrial
$471.3K
$412.4K – $549.9K
NOI $32,991 @ 7.0% cap · market cap 5.28%
Second Best
Specialty Retail
$293.3K
$256.6K – $342.2K
NOI $20,531 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.05M
$919.0K – $1.23M
NOI $73,518 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Mobil
Shops & Services
9,071 visits/mo
0.3 miles
Dollar General
Shops & Services
6,000 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
792 visits/mo
0.2 miles
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Remodeled dining and bar areas accompany an equipped kitchen, office space, and rear storage trailer.
Where is this conventional restaurant located?
The property is located at 602 W Admiral Doyle Drive New Iberia, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 6,350‑square‑foot restaurant property on 0.92 acres; 2022 remodel included flooring, paint, bar area, air conditioning, and furniture; Kitchen equipment includes a freezer, cooler, stove, and preparation area
