Renovated Downtown
For Sale
$250,000
Pending
201 E Main Street, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size1,200 SF
Lot Size0.03 Acres
Days on Market80
Property Features for 201 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Downtown
Exterior features
Door Sign
Subdivision
Old Corporation
Lot features
Corner
Directions
From Johnston St, take E. Main St, into downtown, cross street is Lee Ave, building is on the right just past Lee Ave. (Corner of E. main St and Polk St.)
Standard status
Pending
APN
6043518
Size
1,200 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
P LOT 234 OLD CORP (0.028 AC)(21-26906 PLAT)
Legal Description
P LOT 234 OLD CORP (0.028 AC)(21-26906 PLAT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered shed
uncovered canopy
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Rubber
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Tim Skinner · License #0995683114
(337) 205-1635
Added: Jul 28
Changed: Oct 8
Last Checked: Oct 15 at 2:06AM
MLS# 2600006921
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,200-square-foot storefront at 201 E Main Street has an open floor plan and concrete flooring. Renovations include new electrical and plumbing, a restroom, fresh paint, a glass storefront, and interior and exterior lighting. Central heating and central air serve the space, with public water and sewer.
Key Highlights
- 1,200 square feet with an open floor plan
- Renovated electrical and plumbing, plus a restroom
- Glass storefront and 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,254
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - An open interior and updated building systems provide a flexible setting within Lafayette’s downtown district.
Where is this storefront property located?
The property is located at 201 E Main Street 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 square feet with an open floor plan; Renovated electrical and plumbing, plus a restroom; Glass storefront and interior and exterior lighting
