Restaurant with Mezzanine
412 JEFFERSON ST, Lafayette, LA 70501
For Sale
Contact for pricing
A multi-level dining layout includes a bar, exhibition kitchen, and dedicated back-of-house areas.
Property Size5,214 SF
Price / SF$306.87
Days on Market8
Property Features for 412 JEFFERSON ST
General Information
Standard status
Size
Property subtype
Building Details
Buildings
Listing Agency:
Reve | Realtors
Listed By:
Erin Hubert · License LA #995698328
(504) 218-6071
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 4:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reve | Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 5,214-square-foot restaurant on Jefferson Street in downtown Lafayette is arranged around a reception area and bar, a main dining room, and an exhibition kitchen. A mezzanine overlooking the dining room adds another seating area. Back-of-house facilities include a separate prep kitchen, walk-in cooler and freezer, dry storage rooms, and a dedicated dishwashing station.
The property is within walking distance of downtown offices, nightlife, festivals, and events along Jefferson Street, identified as a principal commercial corridor in Lafayette.
The property is within walking distance of downtown offices, nightlife, festivals, and events along Jefferson Street, identified as a principal commercial corridor in Lafayette.
Key Highlights
- 5,214‑square‑foot restaurant building
- Mezzanine seating overlooks the main dining room
- Front‑of‑house includes a reception area, bar, dining room, and exhibition kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,750
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,000
$1.4M
Cap Rate 7%
$967,857
$967.9K
Cap Rate 9%
$752,778
$752.8K
Market Conditions
NOI Build-Up for 5,214 SF
Gross rent
$98.2K $18.84/SF
− Vacancy
−$7.9K −$1.51/SF
EGI
$90.3K $17.33/SF
− OpEx
−$22.6K −$4.33/SF
NOI
$67.8K $12.99/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,000
Cap Rate 7%
$967,857
Cap Rate 9%
$752,778
Alternative Uses
Best Use
Specialty Retail
$967.9K
$846.9K – $1.13M
NOI $67,750 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,294 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,053
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Lafayette, LA
Properties on Market for Conventional restaurants in Lafayette
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A multi-level dining layout includes a bar, exhibition kitchen, and dedicated back-of-house areas.
Where is this conventional restaurant located?
The property is located at 412 JEFFERSON ST Lafayette, LA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,214‑square‑foot restaurant building; Mezzanine seating overlooks the main dining room; Front‑of‑house includes a reception area, bar, dining room, and exhibition kitchen
