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Restaurant Space with FFE
New
For Lease
$30,000

905b N University Avenue, Lafayette, LA 70506

Commercial Lease, Lafayette, LA

Space SizeContact for details
Lot Size0.34 Acres
Days on Market2

Property Features for 905b N University Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning Comm/Gen
Parking features Off Street
Security features Security System
Exterior features Door Sign, Fully Fenced, Outside Storage, Pole Sign
Fencing Full
Subdivision Daigle
Lot features Commons, Level
Directions I-10 West to North University Avenue exit 101, turn left, building on right. Next to Dollar General
Standard status Active
APN 6060623
Size 1,344 SF
Lot size 0.34 Acres

Taxes and HOA fees

Tax Description Lots 10 & 11 O Daigle Sub
Legal Description Lots 10 & 11 O Daigle Sub

Utilities

Heating system Central, Wall Furnace, Electric (Heating)
Cooling system Ceiling Fan(s), Window Unit(s), Central Air
Water source Public

Building Details

Flooring type Tile - Ceramic, Concrete
Roof type Metal
Additional Structures Storage
Listing Agency: Compass · ERA Real Estate
Listed By: Kim Loan Mai Pham · License #995708688
Added: Aug 24 Changed: Aug 25 Last Checked: Aug 25 at 11:06AM
MLS# 2600007876

Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,344-square-foot restaurant property occupies 0.34 acres and includes existing furniture, fixtures, and equipment. The building offers ceramic tile and concrete flooring, central air, window units, ceiling fans, central heat, wall furnace, and electric heating. A metal roof, public water, and off-street parking are also in place.

The property is located at 905b N University Avenue in Lafayette, Louisiana, with access from a commercial intersection. Exterior features include a pole sign, door signage, full fencing, and outside storage. Comm/Gen zoning supports the property’s stated commercial positioning, including restaurant, food-service, specialty food, and retail concepts.

Key Highlights

  • 1,344 SF building on a 0.34‑acre parcel
  • Furniture, fixtures, and equipment included
  • Comm/Gen zoning

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Pharmacy Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

330
Businesses Nearby
Under-served
Demand for This Use

Demographics for 70506, LA

39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value

Market

Lease Benchmarks for Lafayette, LA

$216 /SF/Yr
Avg Asking Price
$10.62–$750 /SF/Yr
Price Range
3,241 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Commercially zoned restaurant space includes existing furniture, fixtures, and equipment for multiple food-service or retail concepts.
Where is this conventional restaurant located?
The property is located at 905b N University Avenue Lafayette, LA.
What is the lease rate?
The lease rate is $30,000.
What are key features of this property?
This property features: 1,344 SF building on a 0.34‑acre parcel; Furniture, fixtures, and equipment included; Comm/Gen zoning
More about this property
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