Active

Exceptional Restaurant Property – 7,321 SF Standalone Building on Johnston St.

3151 Johnston Street Lafayette, LA 70503

Overview

• Full Service Dine-in Restaurant Opportunity • 7,321 Sq Ft of conditioned space • 1,500 Sq Ft of enclosed and covered outdoor patio dining and lounge spaces • Large open dining area w/ private party room • Huge bar with direct access to outdoor covered lounge space • Walk-in Beer Cooler with keg taps • Open kitchen concept with a 30’ hooded cooking line • Large walk-in cooler and freezer • 1,000 gallon subsurface grease trap • Interior Capacity: 395 people • Patio Capacity: 105 people • Fully Renovated in 2017 • 0.627 Acre Ground Lease • Reciprocal Right/ Cross Access Agreements in place for overflow parking with The Grand Theater property • Over 180’ of Frontage on Johnston St. • High Visibility Corner with a Johnston St. traffic count of 25,809 VPD (2024) and Doucet Rd. traffic count of 11,713 (2024) • Zoned: CH – Commercial Heavy provides for a wide range of business uses • Flood Zone: X – Area of Minimal Flood Hazard • Prime Location on Johnston St, a major thoroughfare serving the heart of Lafayette • Surrounded by prominent and well-established neighborhoods • Walking distance to Moncus Park, a vibrant 100-acre city park that hosts festivals, farmers’ markets, and year-round community events. • Less than a block from Red Lerille’s Health & Racquet Club, at nearly 200,000 sq ft it is one of the county’s premier health clubs. • Located on an outparcel of The Grand Theater, the largest multiplex movie theater in the market. •Only 1 mile from the University of Louisiana at Lafayette (UL), attracting students, faculty, and sports fans. • Near UL Athletic Complex, including Cajun Field (Football Stadium) – Home to the Louisiana Ragin' Cajuns, drawing thousands of fans during football season; Tigue Moore Field (Baseball Stadium) – A key destination for college baseball fans; and the Cajundome Arena & Convention Center – A major venue for concerts, sports events, and trade shows. Ideal for Restaurant, Bar, or Entertainment Concept • Captures moviegoers, park visitors, students, and sports fans, ensuring a diverse and consistent customer base. • Surrounded by strong retail and dining establishments, making it a prime location for a new or established restaurant brand.

For Sale

Retail

Secondary Uses: Restaurant

Sale Price
$1,400,000
Price Per SF
$191.2/SF
Building Size
7,321 SF
Acres
0.627 ac
Zoning
CH
Signage
On Building
Showing Instructions
Contact Broker
Number of Buildings
1
Floors
1
Year Built
2005
Year Renovated
2017
Construction Siding
Concrete
Parking Ratio
8.25 / 1,000
Parking Spaces
71
Sprinklers
ESFR
Rentable SF
7,321
Submarket
LACDB - G3
Nearest MSA
Lafayette
Property Status
Existing
Power Provider
City - LUS
Water Provider
City - LUS
Sewer Provider
City - LUS
Fiber Optic Provider
City - LUS
County
Lafayette Parish
Created
2025-02-23
Updated
2025-04-28
Listing ID
b2859313
Parcel APN
6055939