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    115 Mckinley St Lafayette, LA 70501

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    For Sale
    $975,000

    Commercial property with redevelopment potential in Lafayette's University corridor.

    Property size:
    7,299 SF
    Lot size:
    0.45 Acres

    Property Features for 115 Mckinley St

    General Information

    Size
    7,299 SF
    Lot size
    0.45 Acres

    Source: Scout Real Estate Co. Agent Jeff Landry

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

    Overview

    Redevelopment Opportunity Near UL Lafayette

    Located just off Johnston Street in Lafayette's University corridor, the property at 115 McKinley Street, formerly known as the Keg, presents a commercial opportunity for redevelopment, investment, or a new business venture. The sale includes an additional lot at 205 McKinley Street, situated directly across the street, which offers potential for additional parking or expansion. The property is positioned near the University of Louisiana at Lafayette and other established businesses, providing visibility and accessibility. The property size is 7299 square feet.
    Location Intelligence

    Current Use by Public Records

    La Honda Discotheque Bar

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Root Floral Design, Roy-al Flowers & Gifts

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0130657
    Latitude
    30.2165693

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    FAQs

    What type of property is this?
    Storefront property - Commercial property with redevelopment potential in Lafayette's University corridor.
    Where is this storefront property located?
    The property is located at 115 Mckinley St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - High-visibility location in Lafayette's University corridor, near UL Lafayette and Johnston St.; - Includes two properties: 115 McKinley St (former Keg location) and 205 McKinley St (lot across the street).; - Opportunity for redevelopment, investment, or new business venture.
    (337) 257-5380
    Request Owner's contact information
    115 Mckinley St Lafayette, LA 70501
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    Lafayette, LA 70501
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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
    115 Mckinley St Lafayette, LA 70501
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