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Renovated Office Suite
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708 W University Parkway, Lafayette, LA 70501

COMMERCIAL - Lafayette, LA

Space Size1,225 SF
Lot Size0.30 Acres
Days on Market702

Property Features for 708 W University Parkway

General Information

Property type Commercial Lease
Property subtype Other
Zoning CM-1 (COMMERCIA
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Parking features Off Street, On Street
Subdivision Elmhurst Park
Directions Head north on University, take a right onto the property.
Standard status Active
APN 6045506
Size 1,225 SF
Lot size 0.30 Acres

Taxes and HOA fees

Tax Description Lots 25,26,27 Blk Elmhurst Add
Legal Description Lots 25,26,27 Blk Elmhurst Add

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Building Details

Floors in Building 2
Roof type Metal
Listing Agency: Scout Real Estate Co.
Listed By: Braxton J Higginbotham · License #9957099385
Added: Sep 23, 2024 Changed: Aug 4 Last Checked: Aug 25 at 10:06AM
MLS# 24008914

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.

This professionally renovated office suite offers 1,225 square feet of work space designed with a blend of classic character and contemporary finishes. The layout is suited for professional use, providing an updated interior for an office team.

The property is located at 708 W University Parkway in Lafayette, Louisiana 70501. It is zoned CM-1 (Commercial), supporting a broad range of commercial office and related uses in the area.

Key Highlights

  • Renovated downtown Lafayette office space for lease with 1,225 SF of professional workspace
  • Central heating and central air conditioning
  • Metal roof

Property Analytics

Current Use

Office Units

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,106
Businesses Nearby

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

Lease Benchmarks for Lafayette, LA

$26.99 /SF/Yr
Avg Asking Price
$2.6–$266 /SF/Yr
Price Range
2,986 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Professionally renovated office suite available for lease, totaling 1,225 square feet, in downtown Lafayette.
Where is this office units located?
The property is located at 708 W University Parkway Lafayette, LA.
What are key features of this property?
This property features: Renovated downtown Lafayette office space for lease with 1,225 SF of professional workspace; Central heating and central air conditioning; Metal roof
More about this property
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