Restaurant Building with
412 Jefferson Street, Lafayette, LA 70501
For Sale
New
$1,600,000
Commercial Sale, Lafayette, LA
Property Size5,648 SF
Lot Size0.12 Acres
Price / SF$283.29
Days on Market1
Property Features for 412 Jefferson Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Buildings
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Erin A Hubert · License LA #995698328
(504) 218-6071
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 200VBA
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
Built in 1940, this restaurant property at 412 Jefferson Street includes a bar, primary dining room, and mezzanine overlooking the main space. The kitchen setup includes exhibition dining, a separate prep kitchen, walk-in cooler and freezer, dry storage, and a dedicated dishwashing area. Private management offices and two guest restrooms are also part of the layout. All FF&E conveys with the sale. The parcel contains 0.121 acres and is zoned D.
The property is in downtown Lafayette, within walking distance of offices, nightlife, festivals, and events. It has gated parking, central heating and air conditioning, and public water and sewer service.
The property is in downtown Lafayette, within walking distance of offices, nightlife, festivals, and events. It has gated parking, central heating and air conditioning, and public water and sewer service.
Key Highlights
- Restaurant layout includes a bar, main dining room, and mezzanine
- Exhibition kitchen, separate prep kitchen, walk‑in cooler and freezer, dry storage, and dedicated dishwashing area
- Private management offices and two guest restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,390
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,800
$1.5M
Cap Rate 7%
$1,048,429
$1.0M
Cap Rate 9%
$815,444
$815.4K
Market Conditions
NOI Build-Up for 5,648 SF
Gross rent
$106.4K $18.84/SF
− Vacancy
−$8.6K −$1.51/SF
EGI
$97.9K $17.33/SF
− OpEx
−$24.5K −$4.33/SF
NOI
$73.4K $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%
$1,467,800
Cap Rate 7%
$1,048,429
Cap Rate 9%
$815,444
Alternative Uses
Best Use
Specialty Retail
$1.05M
$917.4K – $1.22M
NOI $73,390 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,477 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
$117,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Restaurant improvements include separate dining, food preparation, storage, management, and dishwashing areas, with all FF&E included in the sale.
Where is this conventional restaurant located?
The property is located at 412 Jefferson Street 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: Restaurant layout includes a bar, main dining room, and mezzanine; Exhibition kitchen, separate prep kitchen, walk‑in cooler and freezer, dry storage, and dedicated dishwashing area; Private management offices and two guest restrooms
