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    117 S College Rd Lafayette, LA 70503

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    For Lease
    $3,333 /Mo ($13 SF/Yr)

    Fully built-out restaurant and bar ready for a new tenant.

    Property size:
    3,040 SF
    Lot size:
    0.77 Acres

    Property Features for 117 S College Rd

    General Information

    Size
    3,040 SF
    Lot size
    0.77 Acres

    Source: Stirling | Lafayette Agent Ryan Pécot

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Restaurant and Bar

    This approximately 75-year-old structure has been converted into a fully operational restaurant and bar, ready for a new tenant. The front-of-house area features three distinct dining spaces, including one with a fully functional bar equipped with two cocktail wells and a 12-tap draft tower. The outdoor area includes an approximately 850-square-foot wooden deck with televisions, fans, and seating, adjacent to a turfed yard with lounge-style seating under a gazebo with a fireplace. The original kitchen has been retrofitted with modern cooking equipment, cold storage, and a hood system, supported by a prep area, dish room, and versatile auxiliary prep/storage building. A custom-programmed audio/video system is integrated throughout the restaurant. Substantial furniture, fixtures, and equipment designed to maximize operational efficiency are currently installed for a practically turn-key setup and are available for sale as a total or partial package. The property is suitable for restaurants, retail properties, bars, and turn-key restaurant businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    MIDCITY Restaurant + Bar Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Chad's Cajun Catering, LLC

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0355735
    Latitude
    30.2053907

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    FAQs

    What type of property is this?
    Restaurant - Fully built-out restaurant and bar ready for a new tenant.
    Where is this restaurant located?
    The property is located at 117 S College Rd Lafayette, LA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Turn-key restaurant and bar setup with substantial furniture, fixtures, and equipment available.; - Fully built-out restaurant and bar in a converted home.; - Modernized kitchen with cooking equipment, cold storage, hood system, prep area, and dish room.
    (337) 572-0246
    Request Owner's contact information
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    Lafayette, LA 70503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 S College Rd Lafayette, LA 70503
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