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    1840 Laurel Ave Eunice, LA 70535

    Sponsored
    For Lease
    Contact for pricing

    1,895 SF Free-Standing Restaurant

    Lot size:
    1,895 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1,895 square foot free-standing restaurant building is situated on a 0.38-acre lot in Eunice, Louisiana. Located on Highway 190/Laurel Avenue, a major thoroughfare with a daily traffic count of 14,458 vehicles, this property offers excellent visibility and accessibility. Built in 2018, the single-story building is currently vacant and presents a unique opportunity for a new restaurant concept. Its proximity to Louisiana State University-Eunice campus, just 1.5 miles away with an enrollment of 3,623 students, provides a substantial potential customer base. The lease on the property extends until April 30th, 2039, offering long-term stability for the tenant. The property is located in St. Landry Parish, within the Lafayette submarket. This turnkey space is ready for immediate occupancy and offers significant potential for a thriving restaurant business. The entire 1,895 square feet is available, eliminating the need for build-out or renovations. The property's strategic location and ample space make it an ideal investment opportunity for entrepreneurs seeking a high-traffic location with a strong student demographic. The building features no elevators, as it is a single-story structure.

    Property Features for 1840 Laurel Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,895 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,895 SF

    HighLights

    • 1,895 SF free‑standing restaurant building on a 0.38‑acre parcel.
    • Located on Hwy 190/Laurel Ave in Eunice, LA (14,458 cars per day).
    • 1.5 miles from LSU Eunice campus (3,623 students).
    • Lease expires 4/30/2039.
    • Built in 2018.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Eunice
    County
    St. Landry Parish
    State
    Louisiana
    Longitude
    -92.434973660922
    Latitude
    30.495047764949

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    FAQs

    What type of property is this?
    Restaurant - 1,895 SF Free-Standing Restaurant
    Where is this restaurant located?
    The property is located at 1840 Laurel Ave Eunice, LA.
    What are key features of this property?
    This property features: 1,895 SF free-standing restaurant building on a 0.38-acre parcel.; Located on Hwy 190/Laurel Ave in Eunice, LA (14,458 cars per day).; 1.5 miles from LSU Eunice campus (3,623 students).
    Request Owner's contact information
    1840 Laurel Ave Eunice, LA 70535
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    Eunice, LA 70535
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1840 Laurel Ave Eunice, LA 70535
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