Downtown Lafayette Live-Work
For Sale
$420,000
339 S Buchanan Street, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
Property Size4,370 SF
Lot Size0.02 Acres
Price / SF$96.11
Days on Market177
Property Features for 339 S Buchanan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
D
Parking features
On Street
Exterior features
Partially Fenced
Fencing
Partial
Subdivision
Mccomb Addition
Lot features
Level, Zero Lot Line
Directions
From I-49 South, turn right on E. Second Street, Sharp left to Voorhies St., Right on South Buchanan.
Standard status
Active
APN
6042348
Size
4,370 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
P LOTS 11 12 13 BLK 1 MCCOMB ADD SEC 67 T9S R4E (969.52 SQ FT)(PORTION OF ABANDONED ALLEY BEHIND P OF LOTS 12 & 13)
Legal Description
P LOTS 11 12 13 BLK 1 MCCOMB ADD SEC 67 T9S R4E (969.52 SQ FT)(PORTION OF ABANDONED ALLEY BEHIND P OF LOTS 12 & 13)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Tyler Albrecht · License #0995697749
(337) 780-9698
Added: Feb 5
Changed: May 13
Last Checked: Aug 1 at 2:06PM
MLS# 2600000647
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.
Located in the Central Business District of Lafayette, Louisiana, this property offers a live-work-build opportunity. The building provides approximately 891 square feet of retail or office space at the front, complemented by 3,478 square feet of warehouse space in the rear, totaling 4,370 square feet. Situated directly behind the Opportunity Machine, the property is positioned amidst rising energy, capital, and creativity. The front entrance faces Buchanan Street near the corner of Vine, with convenient street parking and a paylot across the street. This property, zoned D, is located on a lot of 0.02 acres. It is suited for operators, founders, and makers looking to contribute to downtown Lafayette. The property can be used for multifamily, industrial, retail, or medical purposes.
Key Highlights
- Prime location in Lafayette's Central Business District experiencing real growth.
- Rare live‑work‑build opportunity in the urban core.
- Combination of retail/office space (891 sq ft) and warehouse space (3,478 sq ft).
Financial Insights For Warehouse
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 | $30.9k | $7.08 |
| − Vacancy | −$1.5k | −$0.34 |
| EGI | $29.5k | $6.74 |
| − OpEx | −$4.4k | −$1.01 |
| NOI | $25.0k | $5.73 |
4,370 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Retail
$757.1K
$662.5K – $883.3K
NOI $52,998 @ 7.0% cap · market cap 12.62%
Second Best
Office B
$726.5K
$635.7K – $847.6K
NOI $50,854 @ 7.0% cap · market cap 12.11%
Theoretical Best
Office A
$1.03M
$904.1K – $1.21M
NOI $72,325 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,535
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Rare live-work-build opportunity in Lafayette's growing urban core.
Where is this live-work space located?
The property is located at 339 S Buchanan Street Lafayette, LA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Prime location in Lafayette's Central Business District experiencing real growth.; Rare live‑work‑build opportunity in the urban core.; Combination of retail/office space (891 sq ft) and warehouse space (3,478 sq ft).
