Mixed-Use Property with Adjacent
For Sale
$625,000
344 & 346 Ridge Road, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size1,522 SF
Lot Size0.85 Acres
Price / SF$410.64
Days on Market35
Property Features for 344 & 346 Ridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
unzoned
Directions
From the intersection of Johnston Street and Ambassador Caffery Parkway, head north on Ambassador Caffery Parkway (LA-3073 N). Turn left onto Ridge Road (LA-93). Drive a short distance, and the properties at 344 & 346 Ridge Road will be on your right
Subdivision
G3
Standard status
Active
APN
6045801
Size
1,522 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Description
TR 7 SEC 8 T10S R4E (11.67 AC) SEC 8 T10S R4E (20X130)(0.06 AC) SEC 8 T10S R4E (70X130)(0.2089 AC) SEC 8 T10S R4E (0.101 AC)(74-634523)
Legal Description
TR 7 SEC 8 T10S R4E (11.67 AC) SEC 8 T10S R4E (20X130)(0.06 AC) SEC 8 T10S R4E (70X130)(0.2089 AC) SEC 8 T10S R4E (0.101 AC)(74-634523)
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Brick
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Tony Dozart · License #995711768
(337) 277-7907
Added: Sep 21
Changed: Oct 24
Last Checked: Oct 25 at 1:06AM
MLS# 2600008846
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.
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Investment Insights
Based on property information with market context.
The 344 and 346 Ridge Road offering includes a 1,522-square-foot brick structure and a 0.39-acre lot with mature trees. The property totals 0.85 acres and has paved frontage along Ridge Road. Central heating and air conditioning serve the building; public water and a septic system are reported. The site is unzoned and lies near the Ambassador Caffery Parkway corridor.
Key Highlights
- 1,522‑square‑foot brick structure
- 0.85‑acre property
- Adjacent 0.39‑acre lot with mature trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,579
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,580
$351.6K
Cap Rate 7%
$251,129
$251.1K
Cap Rate 9%
$195,322
$195.3K
Market Conditions
NOI Build-Up for 1,522 SF
Gross rent
$32.0K $21.00/SF
− Vacancy
−$3.8K −$2.52/SF
EGI
$28.1K $18.48/SF
− OpEx
−$10.5K −$6.93/SF
NOI
$17.6K $11.55/SF
Area
Lafayette, LA
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,580
Cap Rate 7%
$251,129
Cap Rate 9%
$195,322
Alternative Uses
Best Use
Mixed Use
$251.1K
$219.7K – $293.0K
NOI $17,579 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.9K
$314.9K – $419.8K
NOI $25,190 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs an existing building with additional land and paved road frontage.
Where is this mixed-use property located?
The property is located at 344 & 346 Ridge Road Lafayette, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,522‑square‑foot brick structure; 0.85‑acre property; Adjacent 0.39‑acre lot with mature trees
