Your email has been sent.
Former Restaurant in Converted Home 117 S College Rd 3,040 SF of Retail Space Available in Lafayette, LA 70503
HIGHLIGHTS
- Former location of the Midcity Restaurant + Bar
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,040 SF | Negotiable | $18.37 CAD/SF/YR $1.53 CAD/SF/MO $55,846 CAD/YR $4,654 CAD/MO | Modified Gross |
1st Floor
This roughly 75-year-old home that has been converted into a fully built-out restaurant & bar is ready for a new tenant. The front of house area consists of three different dining areas broken up by room, one of which contains a fully functioning bar with two cocktail wells and a 12-tap draft tower. Outside in the 'back yard' there is a roughly 850sf wooden deck with TV's, fans, & seating, adjacent to a turfed yard containing lounge type seating under a gazebo containing a fire place. The original kitchen has been retrofitted with modern cooking equipment, cold storage, and a hood system, all supported by a prep area, dish room, and versatile auxiliary prep/storage building. The functionality is complimented by a custom programmed audio/video system that is integrated into the restaurant. Substantial furniture, fixtures, and equipment that are fitted to maximize operational efficiency are currently installed and for sale as a total or partial package.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Central Air and Heating
- Wheelchair Accessible
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,040 SF | Gross Leasable Area | 3,040 SF |
| Property Type | Retail | Year Built/Renovated | 1950/2023 |
| Property Subtype | Restaurant |
| Total Space Available | 3,040 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,040 SF |
| Year Built/Renovated | 1950/2023 |
ABOUT THE PROPERTY
This roughly 75-year-old home that has been converted into a fully built-out restaurant & bar is ready for a new tenant. The front of house area consists of three different dining areas broken up by room, one of which contains a fully functioning bar with two cocktail wells and a 12-tap draft tower. Outside in the 'back yard' there is a roughly 850sf wooden deck with TV's, fans, & seating, adjacent to a turfed yard containing lounge type seating under a gazebo containing a fire place. The original kitchen has been retrofitted with modern cooking equipment, cold storage, and a hood system, all supported by a prep area, dish room, and versatile auxiliary prep/storage building. The functionality is complimented by a custom programmed audio/video system that is integrated into the restaurant. Substantial furniture, fixtures, and equipment that are fitted to maximize operational efficiency are currently installed and for sale as a total or partial package.
NEARBY MAJOR RETAILERS
Presented by
Former Restaurant in Converted Home | 117 S College Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.