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Lafayette Investment Property with Guesthouse

210-212 W Garfield Street, Lafayette, LA 70501

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For Sale

$315,000

COMMERCIAL - Lafayette, LA

Property size:

1,331 SF

Lot size:

0.50 Acres

Price / SF:

$236/SF

HighLights

Free standing investment property with detached guest house.
High visibility location at the gates of downtown.
Suitable for residential, commercial, or mixed‑use purposes.
Surrounded by parking.
Recent updates.
Three bedrooms and one bathroom in the main house.

We can help!

Contact an agent

Setareh A Mirian

For Sale

$315,000

COMMERCIAL - Lafayette, LA

Property size:

1,331 SF

Lot size:

0.50 Acres

Price / SF:

$236/SF

Added:: Dec 16, 2024
Days on Market:: 558
Last Refresh:: Jun 27 at 4:06 pm

Property Features for 210-212 W Garfield Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: D (Downtown)
Bathrooms: 1
Rooms: Bathroom 1
Security features: Security System
Standard status: Active
APN: 6011677
Size: 1,331 SF
Lot size: 0.50 Acres

Taxes and HOA fees

Tax Description: SEC 67 T9S R4E (40X105) @ 212 W GARFIELD

Utilities

Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Floors in Building: 1
Flooring type: Tile, Wood
Roof type: Composition

We can help!

Contact an agent

Setareh A Mirian

Listing agent Setareh A Mirian License #99564700

Listing office Compass 2000 Kaliste Saloom, Ste. 101, LA

Listing date Dec 16, 2024

MLS# 24011304

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.

HighLights

Free standing investment property with detached guest house.
High visibility location at the gates of downtown.
Suitable for residential, commercial, or mixed‑use purposes.
Surrounded by parking.
Recent updates.
Three bedrooms and one bathroom in the main house.

Overview

This free-standing investment property, featuring an additional free-standing guest house, is situated at the edge of downtown Lafayette. The location offers high visibility from W. Congress St. and is surrounded by parking. The property is suitable for residential, commercial, or mixed-use purposes. It is an ideal residence or office space, and could also function as a barber shop or retail location with a detached guest house, making it a live/work investment opportunity. The house has undergone several recent updates and includes 3 spacious bedrooms and 1 nice-sized bathroom with on-site parking. The lot size is 0.5 acres. The property is zoned D (Downtown). The property size is 1,331 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$25.1k	$18.84
− Vacancy	−$2.0k	−$1.51
EGI	$23.1k	$17.33
− OpEx	−$6.9k	−$5.20
NOI	$16.1k	$12.13

1,331 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%

Alternative Uses

Best Use

Retail

$230.6K

$201.8K – $269.0K (±1% cap)

NOI $16,142 @ 7.0% cap · market cap 5.12%

Second Best

Office B

$221.3K

$193.6K – $258.2K (±1% cap)

NOI $15,489 @ 7.0% cap · market cap 4.92%

Theoretical Best

Office A

$314.7K

$275.4K – $367.2K (±1% cap)

NOI $22,029 @ 7.0% cap · market cap 6.99%

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

Property Profile Location Intelligence

Current Use by Public Records

Live-work space

Suggested Use

Location Insight

Map
Local Demand

City: Lafayette
County: Lafayette
State: Louisiana
Longitude: -92.018395
Latitude: 30.227547

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For sale
Live-work space
LA
Lafayette
70501
210-212 W Garfield Street

What type of property is this?

Live-work space - Mixed-use investment property with guesthouse near downtown Lafayette.

Where is this live-work space located?

The property is located at 210-212 W Garfield Street Lafayette, LA.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: Free standing investment property with detached guest house.; High visibility location at the gates of downtown.; Suitable for residential, commercial, or mixed‑use purposes.

210-212 W Garfield Street, Lafayette, LA 70501

COMMERCIAL - Lafayette, LA

Property Features for 210-212 W Garfield Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Tenant Commercial Building with Drive-Thru

Neighborhood Strip Center Investment

Historic Downtown Lafayette Commercial Property

Multi-Purpose Event Center with Commercial Kitchen

Professional Office with Optional Income

Industrial Flex Facility with Showroom

Mixed-Use Building in Lafayette

Office/Warehouse Flex Property

Lafayette Commercial Investment Opportunity

Flex/Industrial Building with Three Suites

Versatile Commercial Property on Corner Lot

Professional Office Building For Sale

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