Restaurant Building with Road
959 Macarthur Dr Alexandria, LA 71303
959 Macarthur Dr, Alexandria, LA, 71303
$1,300,000
For Sale
$1,300,000
Custom restaurant property offers 150 feet of road frontage, 34 parking spaces, and high daily traffic along MacArthur Drive.
Property Size3,000 SF
Lot Size0.50 Acres
Price / SF$433.33
Days on Market239
Property Features for 959 Macarthur Dr
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.50 Acres
Listing agency
The Wilder Group
(318) 308-8080
Listed by
RUSTY WILDER · License #995709043
(318) 308-8080
Source
Exprealty
Added: Nov 25, 2025 Updated: Jul 21 at 7:50AM Checked: Jul 21 at 7:50AM
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 The Wilder Group
Investment Insights
Based on property information with market context.
Now available for sale is a custom restaurant property at 959 MacArthur Dr in Alexandria, LA, featuring a 3,000 SF building on an approximately half-acre lot. The site provides about 150 feet of road frontage on MacArthur Drive.
Traffic counts for the area are noted at approximately 20,600 vehicles passing daily, supporting strong drive-by exposure. The property also includes 34 parking spaces available on site.
Showings are by appointment only. The listing also notes continued business opportunity if interested.
Traffic counts for the area are noted at approximately 20,600 vehicles passing daily, supporting strong drive-by exposure. The property also includes 34 parking spaces available on site.
Showings are by appointment only. The listing also notes continued business opportunity if interested.
Key Highlights
- 3,000 SF building with approximately 150 ft of road frontage on MacArthur Drive
- High daily traffic: 20,600 vehicles pass daily on MacArthur Drive
- Approximately half‑acre lot with 34 parking spaces available
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.1k | $17.04 |
| − Vacancy | −$2.3k | −$0.77 |
| EGI | $48.8k | $16.27 |
| − OpEx | −$12.2k | −$4.07 |
| NOI | $36.6k | $12.20 |
3,000 SF · lease $17.04/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$523.1K
$457.7K – $610.3K
NOI $36,615 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.0K
$723.6K – $964.8K
NOI $57,888 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Schlotzsky's
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Custom restaurant property offers 150 feet of road frontage, 34 parking spaces, and high daily traffic along MacArthur Drive.
Where is this conventional restaurant located?
The property is located at 959 Macarthur Dr Alexandria, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,000 SF building with approximately 150 ft of road frontage on MacArthur Drive; High daily traffic: 20,600 vehicles pass daily on MacArthur Drive; Approximately half‑acre lot with 34 parking spaces available
