124 Chimes StBaton Rouge, LA 70802

Property Details for 124 Chimes St

Lot size

1.00 AC

Property size (Sq ft)

3,864 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

716847

APU

716847

Description

This exceptional 3,877 square foot restaurant space at 124 W. Chimes St. becomes available January 2025. Ideally situated at the North Gates of LSU's main campus, this second-generation restaurant offers a turnkey opportunity for a new tenant. The property benefits from its location within the vibrant North Gate District, known for its mix of national and local retail and dining establishments. This area boasts a consistently high volume of foot traffic, driven by the large and active LSU student population, making it an attractive location for businesses targeting this demographic. The existing build-out provides a significant advantage, reducing the time and expense associated with starting a new restaurant. The property is a single-tenant space, offering complete control and flexibility to the incoming operator. This is a rare opportunity to establish a thriving business in a high-demand area with a built-in customer base. Serious inquiries only. Do not disturb the current tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $655,494

  6.5%

  $605,072

  7%

  $561,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $456,862

  Geo Method

  $1,793,107

• Alternative Use

  Use

  Valuation

  Residential

  $605,072

  Hospitality

  $554,242

  Educational

  $461,123

  Medical

  $476,982

  Retail

  $717,303

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4175

Longitude

-91.177

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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