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Mixed-Use Property with Apartments
For Sale
$215,000

1008 E Simcoe Street, Lafayette, LA 70501

Commercial Sale, Lafayette, LA

Property Size3,255 SF
Lot Size0.71 Acres
Price / SF$66.05
Days on Market49

Property Features for 1008 E Simcoe Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning CM-1 (COMMERCIA
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Parking features Parking Lot, Off Street
Exterior features Partially Fenced, Pole Sign, Stabilized Yard Base, Storage Building
Fencing Partial
Directions Directions: From Johnston St., head north toward downtown Lafayette. Turn right onto E. University Ave., then turn right onto E. Simcoe St. Continue to 1008 E. Simcoe St. Property will be on the right.
Subdivision G3
Standard status Active
APN 6047457
Size 3,255 SF
Lot size 0.71 Acres

Taxes and HOA fees

Tax Description LOT 8 & W 18 FT LOT 7 BLK 3 COMINGTON ADD 10 FT STRIP IN ALLEY (1979-22413)
Legal Description LOT 8 & W 18 FT LOT 7 BLK 3 COMINGTON ADD 10 FT STRIP IN ALLEY (1979-22413)

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Floors in Building 2
Roof type Composition, Metal
Additional Structures Storage
Listing Agency: The Gleason Group
Listed By: Grace Guo · License #995706927
Added: Sep 3 Changed: Oct 10 Last Checked: Oct 21 at 11:06AM
MLS# 2600008288

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.

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Investment Insights

Based on property information with market context.

This mixed-use property combines a two-story, 3,255-square-foot building with a 0.71-acre site assembled from five adjoining assessor parcels. The ground level contains approximately 1,700 square feet of former seafood restaurant and takeout space, while the upper floor has two apartment units. Access to the upper floor is by an exterior metal staircase with visible rust and corrosion; the apartments are not currently available for showings.

Site features include a pole sign, partially fenced and stabilized yard, storage building, and parking lot with off-street parking. The building has central heating and air conditioning, and the property is served by public water and sewer. Roof materials are listed as metal and composition.

Key Highlights

  • Five adjoining assessor parcels offered together on approximately 0.71 acres (31,043 SF)
  • Approximately 3,255 SF, two‑story building
  • Approximately 1,700 SF of former seafood restaurant/takeout space on the first floor

Property Analytics

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Current Use

Simm Seafood Specialty Food Shop

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Parking Lot & Garage Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

650
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Former restaurant space on the ground floor is paired with two apartments above.
Where is this mixed-use property located?
The property is located at 1008 E Simcoe Street Lafayette, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Five adjoining assessor parcels offered together on approximately 0.71 acres (31,043 SF); Approximately 3,255 SF, two‑story building; Approximately 1,700 SF of former seafood restaurant/takeout space on the first floor
More about this property
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