537 Jefferson ST Active Save Request In-Person Tour Request Virtual Tour
Lafayette,LA 70501
Key Details
Property Type Commercial
Sub Type Business,Other,Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 6,720 sqft
Price per Sqft $69
Subdivision Vermillionville
MLS Listing ID 24001121
Lot Size 6,534 Sqft
Property Sub-Type Business,Other,Restaurant
Property Description
Rare turn-key opportunity in downtown Lafayette for sale at 2016 appraisal value. This unique property has been completely renovated and sits on 6700+ square feet. Property zoning allows over 50% alcohol sales giving developers & operators lots of options & flexibility. This property is the largest undeveloped parcel in the heart of downtown on Jefferson Street adjacent to both Parc de Lafayette & the Vermilion Street parking garage. 'Buy or lease today & operate tomorrow'. Property now leased as a beer garden with current tenant looking to transfer or sublease the move-in ready operation. Cash flow the mortgage while making plans for future upward development. The sale and lease includes furniture, fixtures, and equipment (FF&E) with sublease options for a possible management agreement and / or LLC sale to fast track the liquor license. The prime location is ideal for a multi-story, mixed-use development: boutique hotel, upscale condominiums, brewpub, live music venue or hybrid restaurant open late night. It's at the center of all the action - Mardi Gras, Festival International, Art Walk, Downtown Alive! and much more. Some owner financing is available for qualified buyers.
Location
State LA
County Lafayette
Zoning D
Direction From Johnston Street head North West on Jefferson St, Cross W. Vermilion St., Property will be on your right next to Parc Lafayette.
Interior
Heating Central,Electric,Space Heater
Cooling Other,Wall Unit(s),Zoned
Flooring Other,Vinyl,Wood
Appliance Freezer
Exterior
Exterior Feature None,Storage
Fence Full,Partial
Roof Type Metal,Other
Garage true
Building
Lot Description 0 to 0.5 Acres,Level,Zero Lot Line,City Lot,Historic Area,Urban
Foundation Other
Sewer Public Sewer