Ambassador Caffery Restaurant

Expired Retail-Commercial for Sale
Catylist Listing ID: 30018681
Property Subtypes: Restaurant
Building Size (RSF): 8,630 SF
Gross Land Area: 2.35 Acres
Sale Price: $2,950,000
Unit Price: $341.83 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 8,630 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 11/4/2017
Last Updated: 11/4/2017

Overview / Comments

3920 Ambassador Caffery is a single-story upscale restaurant building located on Ambassador Caffery Parkway. The building is +/- 8,630 square feet and can accommodate 200 seats in the main dining room plus 40 seats in the newly renovated bar area. Constructed in 1999, the building is equipped with top-of-the-line finishes and is in “move-in” condition. The restaurant features concrete block/ stucco exterior walls, metal roof panels, neon-light accents, tinted glass panels, raised wood-panel entrance doors and a beautiful covered front-door entrance.

The property is +/- 2.351 acres, which includes Lots 2 and 1C. Lot 2 has 177.74 feet of frontage on Ambassador Caffery and has a depth of +352 feet. Lot 1c is approximately .3 acre, which serves as additional parking in the back of the restaurant. There is ample parking with approximately 151 spaces, which is more than code requires.

With average daily traffic counts of 55,000+ cars per day, this is a rare opportunity on centrally located Ambassador Caffery Parkway.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: N
Zoning: BG (GENERAL BUSINESS DISTRICT)
Feet of Frontage: 177
Traffic/Vehicle Count: 55,000
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1999
Parking Type: Surface
Zoning Description: General Business
Lot Frontage: 177
Lot Depth: 352

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,081 72,264 140,721
Median Age: 38.2 34.91 34.39
Households: 3,610 29,557 56,769

Contact

Photograph of Listing Agent

Kirsten E Early

SRSA Commercial Real Estate Metairie, LA 70002
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