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 Market88
Property Features for 201 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Downtown
Lot features
Corner Lot
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.)
Subdivision
G3
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
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Brick
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 23
Last Checked: Oct 23 at 5:06PM
MLS# 2600006921
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot storefront in downtown Lafayette features an open floor plan. Recent renovations include new electrical and plumbing, a restroom, fresh paint, a glass storefront, and interior and exterior lighting.
The brick building has concrete flooring, central heating and central air conditioning, and a rubber roof. Public water and sewer serve the property, which is zoned Downtown.
The brick building has concrete flooring, central heating and central air conditioning, and a rubber roof. Public water and sewer serve the property, which is zoned Downtown.
Key Highlights
- 1,200 square feet with an open floor plan
- Renovations include new electrical, plumbing, restroom, paint, and interior and exterior lighting
- Glass storefront
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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 - An open interior and updated building systems provide a flexible setting for a range of commercial uses.
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; Renovations include new electrical, plumbing, restroom, paint, and interior and exterior lighting; Glass storefront
