1320 University Ave Lafayette, LA 70506
- Commercial real estate
- 2,323 SF
- 1.22 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1320 University Ave
- Year built
- 1976
- Lot size
- 1.22 lot acres
- Property size
- 2,323 SF
- Property type
- Commercial real estate
- APN
- 6015650
- APU
- 6015650
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.0334
- Latitude
- 30.247
- CBSA code
- 29180
- CBSA name
- LAFAYETTE, LA METROPOLITAN STATISTICAL AREA
