Renovated Retail
For Sale
$250,000
Pending
201 E Main St, Lafayette, LA 70501
Open-plan commercial space features updated systems, a restroom, and glass frontage with new lighting.
Property Size1,200 SF
Days on Market82
Property Features for 201 E Main St
General Information
Standard status
Pending
Size
1,200 SF
Property subtype
Office
Zoning
D
Amenities
Power
Water
Sewer
Natural Gas
Vacant
Building Details
Buildings
1
Listing Agency:
Scout Real Estate Co.
Listed By:
Timothy Skinner
(337) 443-0880
Source:
Lacdb.resimplifi
Added: Jul 27
Changed: Oct 10
Last Checked: Oct 14 at 7:34PM
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 Scout Real Estate Co.
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Investment Insights
Based on property information with market context.
Located at 201 E Main St in downtown Lafayette, this 1,200-square-foot storefront offers an open interior layout within a fully renovated building. The property includes a new electrical system, updated plumbing, a restroom, fresh interior and exterior paint, and new interior and exterior lighting. A glass storefront adds street-facing presentation to the space.
Key Highlights
- 1,200 SF open floor plan
- Complete renovation with new electrical and plumbing
- Glass storefront with new interior and exterior lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,553
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,060
$291.1K
Cap Rate 7%
$207,900
$207.9K
Cap Rate 9%
$161,700
$161.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$22.6K $18.84/SF
− Vacancy
−$1.8K −$1.51/SF
EGI
$20.8K $17.33/SF
− OpEx
−$6.2K −$5.20/SF
NOI
$14.6K $12.13/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,060
Cap Rate 7%
$207,900
Cap Rate 9%
$161,700
Alternative Uses
Best Use
Retail
$207.9K
$181.9K – $242.6K
NOI $14,553 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.7K
$248.3K – $331.0K
NOI $19,860 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,248
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Roy-al Flowers & Gifts — 401 W University Ave, Lafayette, LA 70506
- Root Floral Design — 810 Jefferson St, Lafayette, LA 70501
- Flowers Etc — 1803 W University Ave, Lafayette, LA 70506
- Tommy's Downtown Flower Market — 220 Duclos St, Lafayette, LA 70506
- Preservation Press — 526 St John St, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial space features updated systems, a restroom, and glass frontage with new lighting.
Where is this storefront property located?
The property is located at 201 E Main St Lafayette, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,200 SF open floor plan; Complete renovation with new electrical and plumbing; Glass storefront with new interior and exterior lighting
