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    115-205 Mckinley St Lafayette, LA 70501

    Sponsored
    For Sale
    $975,000

    Business Opportunity,Restaurant,Retail - Lafayette, LA

    Property size:
    7,299 SF
    Lot size:
    1.30 Acres
    Days on Market:
    314
    Last Refresh:
    Jan 7 at 4:06 pm

    Property Features for 115-205 Mckinley St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Cm-1 (commercia
    Parking features
    Parking Lot
    Exterior features
    Partially Fenced
    Fencing
    Fenced, Partial
    Size
    7,299 SF
    Lot size
    1.30 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Flooring type
    Concrete
    Building materials
    Concrete
    Roof type
    Tar/Gravel
    Architectural style
    Other

    Scout Real Estate Company (337) 501-6457 [email protected]

    Listing agent Jeff Landry (337) 443-0880

    Listing date Feb 28, 2025

    MLS# 25001778 Listing URL

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lafayette Commercial Property For Sale

    Located in Lafayette's University corridor, just off Johnston St, the commercial property at 115 McKinley St, formerly known as the Keg, presents an opportunity for redevelopment, investment, or a new business venture. The sale includes 205 Mckinley St, a lot directly across the street, potentially providing additional parking or expansion. The property is positioned near UL Lafayette and other established businesses, offering visibility and accessibility. The lot size is 1.3 acres and the property size is 7299 square feet. The zoning is Cm-1 (commercial).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0130657
    Latitude
    30.2165693

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    FAQs

    What type of property is this?
    Restaurant - Commercial property in Lafayette's University corridor, redevelopment opportunity.
    Where is this restaurant located?
    The property is located at 115-205 Mckinley St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - High-visibility commercial property in Lafayette's University corridor, near UL Lafayette.; - Includes two lots: 115 McKinley St (former Keg location) and 205 McKinley St across the street.; - **205 McKinley St provides additional parking or expansion potential.**
    (337) 443-0880
    Request Owner's contact information
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    Lafayette, LA 70501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115-205 Mckinley St Lafayette, LA 70501
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