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    Downtown Lafayette Live-Work Opportunity

    339 S Buchanan Street Lafayette, LA 70501

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    Picture of Live-work space at 339 S Buchanan Street, Lafayette, LA
    For Sale
    $420,000

    COMMERCIAL - Lafayette, LA

    Property size:
    4,370 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $96/SF
    Added:
    Feb 5, 2026
    Days on Market:
    156
    Last Refresh:
    Jul 11 at 6:06 pm

    Property Features for 339 S Buchanan Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    D
    Parking features
    On Street
    Exterior features
    Partially Fenced
    Fencing
    Partial
    Standard status
    Active
    APN
    6042348
    Size
    4,370 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Description
    P LOTS 11 12 13 BLK 1 MCCOMB ADD SEC 67 T9S R4E (969.52 SQ FT)(PORTION OF ABANDONED ALLEY BEHIND P OF LOTS 12 & 13)

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Flooring type
    Concrete
    Roof type
    Metal

    Listing agent Tyler Albrecht License #0995697749

    Listing office Keaty Real Estate Team 350 Doucet Rd Ste. B, Lafayette, LA

    Listing date Feb 5, 2026

    MLS# 2600000647

    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.

    Located in the Central Business District of Lafayette, Louisiana, this property offers a live-work-build opportunity. The building provides approximately 891 square feet of retail or office space at the front, complemented by 3,478 square feet of warehouse space in the rear, totaling 4,370 square feet. Situated directly behind the Opportunity Machine, the property is positioned amidst rising energy, capital, and creativity. The front entrance faces Buchanan Street near the corner of Vine, with convenient street parking and a paylot across the street. This property, zoned D, is located on a lot of 0.02 acres. It is suited for operators, founders, and makers looking to contribute to downtown Lafayette. The property can be used for multifamily, industrial, retail, or medical purposes.

    Key Highlights

    • Prime location in Lafayette's Central Business District experiencing real growth.
    • Rare live‑work‑build opportunity in the urban core.
    • Combination of retail/office space (891 sq ft) and warehouse space (3,478 sq ft).

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $30.9k $7.08
    − Vacancy −$1.5k −$0.34
    EGI $29.5k $6.74
    − OpEx −$4.4k −$1.01
    NOI $25.0k $5.73
    4,370 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 15.00%

    Alternative Uses

    Best Use
    Retail
    $757.1K
    $662.5K – $883.3K (±1% cap)
    NOI $52,998 @ 7.0% cap · market cap 12.62%
    Second Best
    Office B
    $726.5K
    $635.7K – $847.6K (±1% cap)
    NOI $50,854 @ 7.0% cap · market cap 12.11%
    Theoretical Best
    Office A
    $1.03M
    $904.1K – $1.21M (±1% cap)
    NOI $72,325 @ 7.0% cap · market cap 17.22%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    HVAC Service Kitchen & Bath Showroom Dental Office Gym & Fitness Center Pharmacy (Bike/Boat/Book/etc) Store Locksmith Plumbing Service (Bike/Boat/Book/etc) Store Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Live-work space - Rare live-work-build opportunity in Lafayette's growing urban core.
    Where is this live-work space located?
    The property is located at 339 S Buchanan Street Lafayette, LA.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: Prime location in Lafayette's Central Business District experiencing real growth.; Rare live‑work‑build opportunity in the urban core.; Combination of retail/office space (891 sq ft) and warehouse space (3,478 sq ft).
    Contact an agent
    (337) 780-9698
    We can help!
    Contact an agent
    Tyler Albrecht
    Tyler Albrecht
    Real Estate License ID: 0995697749
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