1803 1809 W University Avenue Lafayette, LA 70506
COMMERCIAL - Lafayette, LA
Property Features for 1803 1809 W University Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial CM1
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 9
- Parking features
- Parking Lot
- Exterior features
- Partially Fenced, Pole Sign, Roof Sign
- Fencing
- Partial
- Standard status
- Active
- APN
- 6042232 & 6037629
- Size
- 2,654 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Description
- LOTS 17-18-19-20 BLK 15 WEST END HTS (.289 AC) AND LOTS 21-22 BLK 15 WEST END HGTS SUB
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Concrete
- Roof type
- Metal
Listing agent Asim Baloch License #995696005 (337) 351-6299
Listing office Weiser Realty & Property Managment, LLC 117 E Broussard Rd, Lafayette, LA (337) 345-8677
Listing date Sep 27, 2024
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.
Investment Insights
Based on property information with market context.
The site is positioned at a busy intersection with average traffic reported at over 23,000 cars passing daily. University is also described as a major corridor to Lafayette, supporting a retail-oriented setting for visibility and customer access.
For investors or owner-occupiers, the combination of CM1 zoning, multiple structures, and flexible redevelopment paths can support a range of retail-centric strategies. Tenants or operators evaluating a retail location can consider renovating the existing building, while buyers looking to scale can evaluate clearing the site and constructing a tailored retail development consistent with the CM1 designation.
Key Highlights
- Two buildings and two lots totaling 0.433 acres
- CM1 zoning potential noted for redevelopment, including options to renovate the existing building
- Over 23,000 cars pass daily at the busy intersection (average traffic)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.0k | $18.84 |
| − Vacancy | −$4.0k | −$1.51 |
| EGI | $46.0k | $17.33 |
| − OpEx | −$13.8k | −$5.20 |
| NOI | $32.2k | $12.13 |
Alternative Uses
Property Analytics
Current Use by Public Records
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