Listing Agency: Real Broker, LLC

Listed By: Mark Van Eaton · License #4771 Show Phone

Source: Athomerealtyla

Added: Aug 7 Changed: Oct 12 Last Checked: Oct 16 at 12:14PM

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Investment Insights

Based on property information with market context.

This retail space at 1507 Kaliste Saloom Road B in Lafayette provides 1,240 square feet for commercial use. The premises are currently operated as retail space and include two bay windows. Recent renovations are part of the property’s existing improvements. The location is near River Ranch, an identified Lafayette area, and the property is presented as an office/retail location. The current retail configuration, renovated condition, and window features define the available offering.

Key Highlights

• 1,240 square feet of retail space
• Currently used as retail space
• Two bay windows

Property Analytics

Current Use

Pro Image Custom T-Shirt Store Health Management Services ... Physician Rejuven8 Fitness Studio Gym & Fitness Center Piece of Cake Lafayette Bakery Louisiana Creole Pecan ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Building Supply Parking Lot & Garage Kitchen & Bath Showroom Electrical Service Grocery & Convenience Store

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

NNN (Triple Net)

Lease Type

$2.47 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,298

Businesses Nearby

Explore this area Business Placement

Demographics for 70508, LA

40,343

Population

18,677

Households

2.2

Avg Household Size

38

Median Age

47%

College-Educated

94%

High-School Grad

24.3 sq mi

ZIP Area

1,660

Density / Sq Mi

$88,017

Median Household Income

$51,614

Median Earnings

$1,244

Median Rent

$299,200

Median Home Value

Market

Lease Benchmarks for Lafayette, LA

$19.96 /SF/Yr

Avg Asking Price

$4.34–$144 /SF/Yr

Price Range

12,196 SF

Avg Space Size

This space is priced 18% below the average of $19.96 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - The suite includes two bay windows and recent renovations.

Where is this retail space located?

The property is located at 1507 Kaliste Saloom Road B Lafayette, LA.

What is the lease rate?

The lease rate is $1,700/Mo.

What are key features of this property?

This property features: 1,240 square feet of retail space; Currently used as retail space; Two bay windows