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    124 Chimes St Baton Rouge, LA 70802

    For Lease
    $20 SF/Yr ($6,623 /Mo)

    Turnkey restaurant, near LSU campus. High-traffic location.

    Lot size:
    3,877 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 3,877 square foot restaurant space at 124 W. Chimes St. becomes available January 2025. Ideally situated at the North Gates of LSU's main campus, this second-generation restaurant offers a turnkey opportunity for a new tenant. The property benefits from its location within the vibrant North Gate District, known for its mix of national and local retail and dining establishments. This area boasts a consistently high volume of foot traffic, driven by the large and active LSU student population, making it an attractive location for businesses targeting this demographic. The existing build-out provides a significant advantage, reducing the time and expense associated with starting a new restaurant. The property is a single-tenant space, offering complete control and flexibility to the incoming operator. This is a rare opportunity to establish a thriving business in a high-demand area with a built-in customer base. Serious inquiries only. Do not disturb the current tenant.

    Property Features for 124 Chimes St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,877 SF
    Total Rate
    6623.21

    Unit(s) available at that property

    Space
    Size
    3,877 SF
    Rate per SF
    $20

    HighLights

    • 3,877 SF restaurant space.
    • Single‑tenant occupancy.
    • Second‑generation restaurant space.
    • Prime location near LSU campus in the North Gates District.
    • Available January 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    City Slice Pizza ... Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.177046543998
    Latitude
    30.417274562377

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant, near LSU campus. High-traffic location.
    Where is this restaurant located?
    The property is located at 124 Chimes St Baton Rouge, LA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 3,877 SF restaurant space.; Single-tenant occupancy.; Second-generation restaurant space.
    Request Owner's contact information
    124 Chimes St Baton Rouge, LA 70802
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    Baton Rouge, LA 70802
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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

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    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
    124 Chimes St Baton Rouge, LA 70802
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