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Rare opportunity to own property that has phenomenal visibility from Interstate 10. It's just off Essen Lane near the I-10 eastbound on ramp. Has existing pylon sign has prominent interstate 10 visibility from both the eastbound and westbound traffic. This 5,124 SF restaurant has CAB-1 Zoning. Currently used as a restaurant it has a bar and a full kitchen with all equipment (which can remain along with hibachi grill). 43 parking spots, plus possible 21 additional spots across the street. Seats 175 people. Prime location for a medical office as Our Lady of the Lake and Mary Bird Perkins are close by.
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The typical asking rate per listing is in the $20's per square foot per year. The South Baton Rouge submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
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