Lafayette Entertainment Venue
For Sale
Contact for pricing
417 Jefferson St, Lafayette, LA 70501
Iconic downtown Lafayette entertainment venue for sale.
Property Size9,155 SF
Price / SF$1.46
Days on Market212
Property Features for 417 Jefferson St
General Information
Standard status
Active
Size
9,155 SF
Property subtype
Retail
Zoning
D(CUP
Lease Type
NNN
Listing Agency:
The Gleason Group
Listed By:
Caitlyn Williams · License #0995684676
(337) 278-2048
Source:
Lacdb.resimplifi
Added: Mar 19
Changed: Oct 2
Last Checked: Oct 14 at 7:45PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,960
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,379,200
$2.4M
Cap Rate 7%
$1,699,429
$1.7M
Cap Rate 9%
$1,321,778
$1.3M
Market Conditions
NOI Build-Up for 9,155 SF
Gross rent
$172.5K $18.84/SF
− Vacancy
−$13.9K −$1.51/SF
EGI
$158.6K $17.33/SF
− OpEx
−$39.7K −$4.33/SF
NOI
$119.0K $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%
$2,379,200
Cap Rate 7%
$1,699,429
Cap Rate 9%
$1,321,778
Alternative Uses
Best Use
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,960 @ 7.0% cap · market cap 891.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.53M
NOI $151,519 @ 7.0% cap · market cap 1,134.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,053
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- Freetown Boom Boom Room — 300 McKinley St, Lafayette, LA 70501
- The Bulldog — 109 General Mouton Ave, Lafayette, LA 70501
Frequently Asked Questions
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 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.
