Storefront with Flexible Work
For Sale
$130,000
Pending
2627 Veterans Memorial Drive, Abbeville, LA 70510
Commercial Sale, Abbeville, LA
Property Size640 SF
Lot Size0.21 Acres
Days on Market139
Property Features for 2627 Veterans Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Security features
Security System
Exterior features
Pole Sign
Directions
Heading south on Hwy 167, turn left onto Veterans Memorial Dr. Continue approximately .5 miles. Property on the left
Subdivision
V1
Standard status
Pending
APN
Ra425151
Size
640 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
.188 AC in SEC 30 T 12 R 4 E TRACT 1-A-1 (PLAT 2024002351) .023 AC IN SEC 30 T 12 R 4 E TRACT 2-A-1 (PLAT 2024002351)
Legal Description
.188 AC in SEC 30 T 12 R 4 E TRACT 1-A-1 (PLAT 2024002351) .023 AC IN SEC 30 T 12 R 4 E TRACT 2-A-1 (PLAT 2024002351)
Utilities
Sewer type
Public Sewer, Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Wood
Roof type
Composition
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brittany LeBlanc · License #995709191
(337) 254-2730
Added: Jun 9
Changed: Oct 5
Last Checked: Oct 25 at 5:06AM
MLS# 2600005150
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.
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Investment Insights
Based on property information with market context.
This 640-square-foot storefront includes an open work area, a private office, and two restrooms, one inside and one outside. Wood flooring, central heating and air conditioning, a composition roof, and a pole sign are among the property’s features. The site also has limestone and asphalt drive areas, with off-street parking.
Located on Veterans Memorial Drive in Abbeville, the property is near the downtown business district. Public water is available, and sewer service includes both public and private systems. Electricity is available as well.
Located on Veterans Memorial Drive in Abbeville, the property is near the downtown business district. Public water is available, and sewer service includes both public and private systems. Electricity is available as well.
Key Highlights
- 640‑square‑foot storefront
- Open work area, private office, and two restrooms
- 0.21‑acre lot with limestone and asphalt drive areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,762
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,240
$155.2K
Cap Rate 7%
$110,886
$110.9K
Cap Rate 9%
$86,244
$86.2K
Market Conditions
NOI Build-Up for 640 SF
Gross rent
$12.1K $18.84/SF
− Vacancy
−$969 −$1.51/SF
EGI
$11.1K $17.33/SF
− OpEx
−$3.3K −$5.20/SF
NOI
$7.8K $12.13/SF
Area
Vermilion County, 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%
$155,240
Cap Rate 7%
$110,886
Cap Rate 9%
$86,244
Alternative Uses
Best Use
Retail
$110.9K
$97.0K – $129.4K
NOI $7,762 @ 7.0% cap · market cap 5.97%
Second Best
Office B
$106.4K
$93.1K – $124.1K
NOI $7,448 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$151.3K
$132.4K – $176.5K
NOI $10,592 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70510, LA
24,074
Population
11,603
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
82%
High-School Grad
233.0 sq mi
ZIP Area
103
Density / Sq Mi
$50,881
Median Household Income
$37,079
Median Earnings
$789
Median Rent
$150,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Acadian Flowers Inc — 1710 Charity St, Abbeville, LA 70510
- Fuzzy's Flower & Gift Shop — 107 N Hospital Dr, Abbeville, LA 70510
- Guidry's Daylily Garden LLC — 502 Duane St, Abbeville, LA 70510
Frequently Asked Questions
What type of property is this?
Storefront property - A private office, two restrooms, and off-street parking support a range of commercial operations.
Where is this storefront property located?
The property is located at 2627 Veterans Memorial Drive Abbeville, LA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: 640‑square‑foot storefront; Open work area, private office, and two restrooms; 0.21‑acre lot with limestone and asphalt drive areas
