209 N Morgan

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30721633
Property Subtypes: Restaurant, Other
Building Size (RSF): 5,150 SF
Gross Building Area: See Agent
Gross Land Area: 1.20 Acres
Sale Price: $1,200,000
Unit Price: $233.01 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/10/2021

Overview / Comments

Investment opportunity. Centralized in Broussard, LA, with easy access to Hwy. 90, this building could be used as restaurant or special purpose building. Plenty of parking with a drive through window on a corner lot. This building also features a large covered patio/bar area for outdoor events. It has a full kitchen, lobby and dining area. This building is currently leased thru 7/31/22 to an established restaurant and option by the Lessee to extend for additional 3 years. Some FF&E will be conveyed.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: O
Tax ID/APN: 6034738
Zoning: UNINCORPORATED
Area Description: From Lafayette take Pinhook to Broussard turn left onto Morgan St. The property will be on your left on the corner of Morgan and 2nd St.
Roof Type: Other
Construction/Siding: Metal Siding
Parking Type: Other
Parking Description: Limestone/shell
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOTS 1-2-3-4-5-6-7-8-9-10 BLK 6 EAST BROUSSARD ADDITON (0.617 AC) (214.72X125X215.28X125) SEC 28/58 T10S R5E (0.579 AC) (104x272)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 22,736 74,999
Median Age: 33.67 34.89
Households: 8,939 30,077

Contact

Photograph of Listing Agent

Brennan Billeaud

NAI/Latter & Blum Commmercial Lafayette Lafayette, LA 70508
LACDB Member
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