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Four-Building Flex Property
For Sale
$700,000
Pending

124 Trahan St, Lafayette, LA 70506

Office, warehouse, showroom and storage areas are distributed across buildings zoned IL.

Property Size24,651 SF
Days on Market12

Property Features for 124 Trahan St

General Information

Standard status Pending
Size 24,651 SF
Property subtype Industrial
Zoning IL
Occupancy 100%

Additional Details

Gross Income $65,100
Tenant in Place Yes

Building Details

Buildings 4
Listing Agency: Elifin Realty
Listed By: Sam Johns · License #995718912
Source: Lacdb.resimplifi
Added: Oct 16 Changed: Oct 26 Last Checked: Oct 26 at 3:57PM

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 Elifin Realty

Rey
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Investment Insights

Based on property information with market context.

This flex property comprises four buildings totaling 24,651 SF, with a mix of office, warehouse, showroom and storage space. Two buildings contain 11 offices combined, two kitchens and storage. The other two include a showroom, several offices and additional storage. Roll-up doors serve the property, which is zoned IL and lies in Flood Zone X.

The site occupies a corner location with side parking. It is approximately 2.2 miles from I-10 and near Evangeline Thruway in Lafayette. All four tenant spaces are occupied, with four tenants under month-to-month arrangements. The reported yield is 9.3%.

Key Highlights

  • Four industrial buildings totaling 24,651 SF
  • 11 offices combined, two kitchens and storage in two of the buildings
  • Showroom, multiple offices and additional storage in the other two buildings

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Pharmacy Restaurant Skin Care Clinic

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

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby
Under-served
Demand for This Use

Demographics for 70506, LA

39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Similar Off Market Nearby

  • G Dogs Mobile Cafe — 500 Jasmine St, Lafayette, LA 70506
  • Jump In The Bayou LLC — 1506 Cameron St, Lafayette, LA 70501

Frequently Asked Questions

What type of property is this?
Flex space - Office, warehouse, showroom and storage areas are distributed across buildings zoned IL.
Where is this flex space located?
The property is located at 124 Trahan St Lafayette, LA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four industrial buildings totaling 24,651 SF; 11 offices combined, two kitchens and storage in two of the buildings; Showroom, multiple offices and additional storage in the other two buildings
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