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Lafayette Entertainment Venue Opportunity

417 Jefferson St Lafayette, LA 70501

417 Jefferson St, Lafayette, LA, 70501

$1,700,000

For Sale

$1,700,000

Iconic downtown Lafayette entertainment venue for sale.

Property Size9,155 SF

Price / SF$185.69

AddedMar 20

Days on Market118

Last RefreshJun 29 at 11:10 pm

Property Features for 417 Jefferson St

General Information

Standard status: Active
Size: 9,155 SF

Listing office The Gleason Group

Listing date Mar 20, 2026

Source Exprealty

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 The Gleason Group

Investment Insights

Based on property information with market context.

Located at 417 Jefferson Street in downtown Lafayette, this property is an entertainment destination. It features a spacious open dance floor, an elevated performance stage, and three bar areas. One of the three bars is situated within an upper loft, previously utilized as a private lounge area, overlooking the main floor. The property is equipped with a full commercial kitchen complete with a grease trap, dedicated prep area, walk-in cooler, and commercial sink. A private rear lot provides an outdoor setting overlooking Parc International. The interior also includes four restrooms and three office-style rooms. The property is surrounded by destinations, including Central Pizza & Bar, Marley's Sports Bar, and Legends Annex. The property size is 9155 square feet.

Key Highlights

Iconic downtown Lafayette entertainment venue with established recognition.
Spacious open dance floor, elevated performance stage, and three bar areas designed for large crowds.
Full commercial kitchen with grease trap, prep area, walk‑in cooler, and commercial sink.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$172.5k	$18.84
− Vacancy	−$13.9k	−$1.51
EGI	$158.6k	$17.33
− OpEx	−$39.7k	−$4.33
NOI	$119.0k	$12.99

9,155 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.70M

$1.49M – $1.98M (±1% cap)

NOI $118,960 @ 7.0% cap · market cap 7.00%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.16M

$1.89M – $2.53M (±1% cap)

NOI $151,519 @ 7.0% cap · market cap 8.91%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The Grouse Room Restaurant

Suggested Use

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For sale
Night clubs
LA
Lafayette
70501
417 Jefferson St

What type of property is this?

Night club - Iconic downtown Lafayette entertainment venue for sale.

Where is this night club located?

The property is located at 417 Jefferson St Lafayette, LA.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Iconic downtown Lafayette entertainment venue with established recognition.; Spacious open dance floor, elevated performance stage, and three bar areas designed for large crowds.; Full commercial kitchen with grease trap, prep area, walk‑in cooler, and commercial sink.