Downtown Restaurant or Redevelopment

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 29997134
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Sale Price: $1,950,000
Unit Price: $195 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 8,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/12/2018

Overview / Comments

This nearly 10,000 SF restaurant, in one of Lafayette’s oldest buildings, offers a variety of ambient settings and unique twists of decor that target the tastes of several demographics. The space includes a lounge on each floor, a rooftop outdoor eating and entertainment space and private rooms for business and social gatherings. This space has the touch of talented and unique interior design throughout.

This property, which is listed on the Lafayette City-Parish Register of Historic Places, was constructed in 1917 to serve as the Masonic Hope Lodge #145. It includes all furnishings and equipment, lending it the ability to serve as a restaurant, lounge, catering facility and tourist attraction. Downtown Lafayette hosts a variety of annual festivals and events, including the 5 day Festival Internationale de Louisiane which draws over 100,000 visitors to the downtown area. Downtown Lafayette also offers a wide array of retail establishments, museums, hotels and special events that attract tourists year round.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G3
Zoning: BG
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Area Description: Landmarks: Lafayette Parish Courthouse
Number of Stories: 2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,410 72,128 137,862
Median Age: 32.83 34.02 34.48
Households: 5,052 29,223 56,533


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