537 Jefferson Street

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.

Listing ID:

24001121

Parish

Lafayette

Area

G3

Subdivision

Vermillionville

Financing

1031 Exchange, Cash, Conventional, Owner Will Carry, See Remarks

Assessment

6015834

Legal Desc

NEW LOT 152 VERMILIONVILLE (0.154 AC)(48X140)(15-48977 PLAT) (BLANCHET BLDG -CITY BARBER SHOP)

Bathrooms:

2

Parking:

On Street, Limestone/Shell, Parking Garage, Rear Parking

Cooling

Other, Wall Units, Zoned

Heating

Central, Electric, Space Heater(s)

Lot Dimensions

48X140

Construction

Other, Metal Siding, Frame

Electricity

100+ Amps

Price Includes

Furn/Fixtures/Equip, Real Estate

Lot Size Area

0.15 ac

Lot Description

Zero Lot Line, Level

Features

Handicap Design, Walk-in Freezer

Roof

Other, Metal

Water Source

Public, individual Meter