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    1320 University Ave Lafayette, LA 70506

    For Lease
    Contact for pricing

    Prime Restaurant Space, High Traffic Area

    Lot size:
    2,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 2,150-square-foot freestanding restaurant building presents a unique sublease opportunity in Lafayette, Louisiana. Situated on a 1.22-acre lot, this single-story, 2018-built property boasts a highly visible location just off the I-10 corridor (71,811 cars per day) and N University Drive (27,042 cars per day). Its strategic placement offers unparalleled access to a substantial customer base, including the nearby University of Louisiana Lafayette campus (19,056 students and 2,200 employees, just 2.5 miles away). Downtown Lafayette and Lafayette Regional Airport are also conveniently located within a short 6 and 12-minute drive, respectively. Benefit from this prime location in Louisiana's third-largest MSA. The lease extends until July 31, 2039, with options available, ensuring long-term stability. This turnkey restaurant space is ready for immediate occupancy and presents a compelling investment opportunity in a thriving market. The property features no elevators. Lafayette Parish is the county.

    Property Features for 1320 University Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,150 SF

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,150 SF

    HighLights

    • 2,150 SF freestanding restaurant building available for sublease in Lafayette, LA.
    • Located on a 1.22‑acre lot with high visibility off I‑10 (71,811 VPD) and N University Drive (27,042 VPD).
    • Prime location near UL Lafayette (19,056 students, 2,200 employees), downtown Lafayette, and Lafayette Regional Airport.
    • Built in 2018, lease extends to 7/31/2039 with options.
    • Turnkey restaurant space, ready for immediate occupancy. No elevator.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.034048305032
    Latitude
    30.247126170385

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, High Traffic Area
    Where is this restaurant located?
    The property is located at 1320 University Ave Lafayette, LA.
    What are key features of this property?
    This property features: 2,150 SF freestanding restaurant building available for sublease in Lafayette, LA.; Located on a 1.22-acre lot with high visibility off I-10 (71,811 VPD) and N University Drive (27,042 VPD).; Prime location near UL Lafayette (19,056 students, 2,200 employees), downtown Lafayette, and Lafayette Regional Airport.
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    1320 University Ave Lafayette, LA 70506
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    Lafayette, LA 70506
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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
    1320 University Ave Lafayette, LA 70506
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