Restaurant for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30049109
Property Subtypes: Restaurant
Building Size (RSF): 8,930 SF
Gross Building Area: See Agent
Gross Land Area: 2.10 Acres
Sale Price: $4,500,000
Unit Price: $503.92 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/18/2017

Overview / Comments

NAI Latter & Blum is proud to bring to market the sale of this excellent Restaurant opportunity. The subject is postured in an outlot of the Acadiana Mall in Lafayette LA. Right on Johnston St and the Mall's southern entrance the site is ideal for a local or national restaurant.

The inside seating area of the restaurant is 7,185 sf and has a 1,745 sf covered patio area, with a multitude of parking. The building is like-new construction completed in early 2014. An average of 33,555 cars per day pass this location, traveling Johnston St, according to DOTD (2015).

Please contact agents to arrange a showing of the property.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: N
Zoning: COMMERCIAL HEAVY
Property Visibility: Excellent
Area Description: The Acadiana Mall at the corner of Johnston St and Ambassador Caffery is classified as a Super-Regional Center with 1,000,000+ GLA, on a 155 acre site. This area of Johnston St is a hot area for development. Within the last few years a new Rouses was built, several car dealerships have open and more are on the way, the Lafayette Public Library, and Multifamily developments.
Number of Stories: 1
Year Built: 2013
Total Parking Spaces: 162
Heat Source: Central
Lot Frontage: 272

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,815 62,659 140,574
Median Age: 34.24 34.8 34.02
Households: 2,376 26,018 56,588

Contact

Photograph of Listing Agent

Randall B Boughton

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
Photograph of Listing Agent

Clinton J Shepard

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member

Source

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