Restaurant Building with Kitchen
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 Market63
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
Directions
Hwy 90 to New Iberia Take Jefferson Island Exit Left under overpass towards Admiral Doyle Left on Admiral Doyle Restauraant on right
Subdivision
I2
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
Tax Annual Amount
3323
Legal Description
1-200x200 Itme # 2 Badeaux, ZEZ ST. VERNA ST ADIRAL DOYLE DR. BEING PART OF BLK 6 BADEAUX SUB # 1
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Brick
Listing Agency:
Marquis Realty Group, LLC
(337) 451-6999
Listed By:
Lisa Keeter · License #99563550
(337) 281-0947
Added: Aug 28
Changed: Oct 28
Last Checked: Oct 29 at 3:06AM
MLS# 2600008118
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 6,350-square-foot restaurant property sits on 0.92 acres and includes a large office, two bathrooms, and a kitchen with a freezer, cooler, stove, prep area, and storage room. Kitchen equipment is included. A trailer at the rear of the property is also part of the sale, and parking is available on site.
Renovations in 2022 brought new floors, a bar area, interior and exterior paint, and furniture. The building has brick construction, ceramic tile flooring, central heating and air conditioning, and access to natural gas, public water, and public sewer. The property is zoned R2.
Renovations in 2022 brought new floors, a bar area, interior and exterior paint, and furniture. The building has brick construction, ceramic tile flooring, central heating and air conditioning, and access to natural gas, public water, and public sewer. The property is zoned R2.
Key Highlights
- 6,350‑square‑foot restaurant property on 0.92 acres
- 2022 updates included new floors, a bar area, fresh paint, and furniture
- Kitchen equipment included, with a freezer, cooler, stove, prep area, and storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,531
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,620
$410.6K
Cap Rate 7%
$293,300
$293.3K
Cap Rate 9%
$228,122
$228.1K
Market Conditions
NOI Build-Up for 6,350 SF
Gross rent
$28.6K $4.50/SF
− Vacancy
−$1.2K −$0.19/SF
EGI
$27.4K $4.31/SF
− OpEx
−$6.8K −$1.08/SF
NOI
$20.5K $3.23/SF
Area
Iberia County, LA
Vacancy
4.20%
Lease Rate
$4.50 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,620
Cap Rate 7%
$293,300
Cap Rate 9%
$228,122
Alternative Uses
Best Use
Specialty Retail
$293.3K
$256.6K – $342.2K
NOI $20,531 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Interior and exterior updates completed in 2022 include new flooring, a bar area, paint, and furniture.
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 updates included new floors, a bar area, fresh paint, and furniture; Kitchen equipment included, with a freezer, cooler, stove, prep area, and storage room
