Downtown Office
120 Clinton St Lafayette, LA 70501
120 Clinton St, Lafayette, LA, 70501
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For Sale
Contact for pricing
For sale office building totaling about 4,000 square feet, formerly home to Fly Guys and positioned near downtown Lafayette attractions.
Property Size4,000 SF
Price / SF$180
Days on Market109
Property Features for 120 Clinton St
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Office
Listing agency
Beacon Realty, LLC
Listed by
Burton Richard · License #995700828
Source
Crexi
Added: Apr 6 Updated: Jul 22 at 10:42AM Checked: Jul 22 at 10:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beacon Realty, LLC
Investment Insights
Based on property information with market context.
This approximately 4,000-square-foot office building is offered for sale and was formerly home to the startup Fly Guys. The property provides office workspace in a downtown setting with historic character, and it is positioned for day-to-day business use by tenants seeking an established, walkable environment.
The building is described as being just seconds away from the Lafayette Hotel development, with downtown Lafayette dining and entertainment within walking distance. Nearby attractions referenced in the remarks include the Acadiana Center for the Arts, the Children’s Museum of Acadiana, and the Cathedral of St. John the Evangelist.
As a downtown office asset, the property is intended to support flexible professional and creative office operations consistent with its prior use as a startup workspace.
The building is described as being just seconds away from the Lafayette Hotel development, with downtown Lafayette dining and entertainment within walking distance. Nearby attractions referenced in the remarks include the Acadiana Center for the Arts, the Children’s Museum of Acadiana, and the Cathedral of St. John the Evangelist.
As a downtown office asset, the property is intended to support flexible professional and creative office operations consistent with its prior use as a startup workspace.
Key Highlights
- About 4,000 SF office building for sale
- Formerly home to Fly Guys startup
- Positioned near downtown Lafayette attractions and landmarks
Local Financial Insights For Office B
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 | $72.0k | $18.00 |
| − Vacancy | −$9.9k | −$2.48 |
| EGI | $62.1k | $15.52 |
| − OpEx | −$15.5k | −$3.88 |
| NOI | $46.5k | $11.64 |
4,000 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$665.0K
$581.9K – $775.8K
NOI $46,548 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
NOI $66,202 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - For sale office building totaling about 4,000 square feet, formerly home to Fly Guys and positioned near downtown Lafayette attractions.
Where is this office building located?
The property is located at 120 Clinton St Lafayette, LA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: About 4,000 SF office building for sale; Formerly home to Fly Guys startup; Positioned near downtown Lafayette attractions and landmarks
