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    2211 Richard St Abbeville, LA 70510

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    For Sale
    $1,600,000

    Value-add self-storage facility in Lafayette MSA with conversion opportunity.

    Property size:
    22,420 SF
    Lot size:
    1.90 Acres

    Property Features for 2211 Richard St

    General Information

    Size
    22,420 SF
    Lot size
    1.90 Acres

    Source: SVN Wilson Commercial Agent Kristen Asman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Simple Storage in Abbeville Retail

    Simple Storage is a value-add self-storage facility located in the Lafayette MSA, the fastest-growing area in Louisiana. The property is situated in the heart of the Abbeville retail area, behind Walgreens and next to a nursing home and apartment complex. The facility features 22,100 square feet, including 12,400 square feet of non-climate storage, a new 8,200 square foot warehouse conversion with 67 climate-controlled units, and a 1,500 square foot 3-bedroom apartment. The property is fully fenced and equipped with a remote management system and a manual gate. The location benefits from a low self-storage saturation rate of 6.7 SF/Capita within a 5-mile radius, offering great potential with its prime location and conversion opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Acadiana Logistics Logistics Service Simple Storage Abbeville ... Self-Storage Facility

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Abbeville
    County
    Vermilion
    State
    Louisiana
    Longitude
    -92.110225
    Latitude
    29.981144

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      Value-Add Storage Facility with Apartment

      Self-storage facility with warehouse conversion and apartment in Abbeville.
      2209 Richard St, Abbeville, LA 70510
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Value-add self-storage facility in Lafayette MSA with conversion opportunity.
    Where is this self storage facility located?
    The property is located at 2211 Richard St Abbeville, LA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Value-add self-storage facility with conversion opportunity.; - Prime location in the heart of the Abbeville retail area.; - New 8,200 SF warehouse conversion with 67 climate-controlled units.
    (614) 370-9077
    Request Owner's contact information
    2211 Richard St Abbeville, LA 70510
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    Abbeville, LA 70510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2211 Richard St Abbeville, LA 70510
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