Building Details

Stories 2

Tenancy Single

Listing Agency: Real Broker, LLC s***@gmail.com Show Phone

Listed By: Sean Hettich · License #0995698219 Show Phone

Source: Exprealty

Added: May 1 Changed: Aug 20 Last Checked: Aug 21 at 10:45AM

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Investment Insights

Based on property information with market context.

This completely renovated office building overlooks the Vermilion River and includes a new roof, new AC, new windows, new paint, new lighting, and other improvements completed within the last 12 months. The layout is split across two floors with shared reception areas and multiple private offices. On the first floor, you’ll find a reception area, three offices, and a studio measuring 14 by 24 and positioned overlooking the river. The second floor includes a separate reception area, three offices, a file room, and a second studio with views of the Vermilion River.

The property offers plenty of parking to support employee and visitor access. LUS Fiber is available. The building is currently tenant occupied, with the existing lease expiring May 1, 2029.

For buyers or operating tenants seeking turnkey office space, the recent capital improvements and functional floor plan can help reduce near-term renovation timelines. The river-facing studio areas provide flexible space for workstyles that benefit from a view, while the combination of reception space, offices, and a file room supports professional office operations. Please do not disturb tenants.

Key Highlights

• Completely renovated two‑story office building with river‑facing studios overlooking the Vermilion River
• Renovations within the last 12 months: new roof, new AC, new windows, new paint, new lighting, and more
• 1st floor includes reception area, 3 offices, and a 14x24 studio overlooking the Vermilion River

Property Analytics

Property Profile

Current Use

Sellers Physical Therapy, ... Medical Clinic BeneShield Financial Insurance Agency

Suggested Use

Top Pick Auto Parts Store Electrical Service Garden Center HVAC Service Grocery & Convenience Store Kitchen & Bath Showroom

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

Single-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,772

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

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Completely renovated two-story office building with river-facing studios and ample parking for modern tenant needs.

Where is this office building located?

The property is located at 231 La Rue France Lafayette, LA.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: Completely renovated two‑story office building with river‑facing studios overlooking the Vermilion River; Renovations within the last 12 months: new roof, new AC, new windows, new paint, new lighting, and more; 1st floor includes reception area, 3 offices, and a 14x24 studio overlooking the Vermilion River