1605 N University Ave.

Retail-Commercial for Lease
Catylist Listing ID: 30443348
Property Subtypes: Restaurant
Contiguous Space: 4,000 SF
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.05 Acres
Lease Rate: $20 PSF (Annual)
Base Monthly Rent: $6,666
Lease Types: Modified Gross
In Opportunity Zone? Yes
Last Updated: 9/17/2019

Overview / Comments

Ideally suited for another pizza or other buffet styled restaurant. Much of the restaurant equipment excluding pizza ovens are including a buffet serving line with sneeze guards, beverage drink dispenser, walk-in cooler, and more will remain. The landlord who owns the King Motel (soon converting to a national branded motel chain) that sits at the back of the property will allow restaurant overflow parking. Also, provided free will be food delivery service to the motel, and some advertising performed in tandem with the landlord's motel marketing efforts such as motel room menus placements. Additionally, the landlord owns the banquet hall at the rear of the restaurant making revenue tie-ins for the restaurant tenant more likely. Finally, in lieu of a tenant improvement allowance, the landlord is providing the 1st 3 months rent free to allow the tenant to make renovations at the tenant's expense and get moved in.

Attachments & Media

Expand All Available Space

Suite: B 4,000 SF $20 PSF (Annual) Modified Gross
Space Available: 4,000 SF
Lease Rate: $20 PSF (Annual)
$6,666 (Monthly)
Lease Type: Modified Gross
Date Available: 6/13/2019
Space Type: Relet

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: C
Tax ID/APN: 6030176
Zoning: COMMERCIAL
Retail Clientele: Other
Area Description: From I-10, take Exit 101 for LA-182/N University Ave. Turn South on LA-182/N University. Turn right at the King Motel. Destination on the left) or turn right at Alcide Domingue Dr. (Destination on the right).
Number of Stories: 1
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Pole Sign, Roof Sign
Total Parking Spaces: 14
Parking Description: Concrete
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Commercial/Restaurant
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SEC 23 T9S R4E (3.2AC) (QUALITY INN)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,151 65,624 125,542
Median Age: 32.93 32.02 33.94
Households: 2,991 25,824 50,336

Contact

Photograph of Listing Agent

Mark Prinzel

Lafayette, LA
LACDB Member
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