Open-Plan
403 S Buchanan Street, Lafayette, LA 70501
For Sale
$280,000
Commercial Sale, Lafayette, LA
Property Size1,595 SF
Lot Size0.04 Acres
Price / SF$175.55
Days on Market9
Property Features for 403 S Buchanan Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Eliana Ashkar · License #58222
(337) 739-7061
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 7 at 8:06AM
MLS# 200JSA
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.
This commercial storefront has an open interior beneath 24-foot ceilings, with large windows facing the street. Brick construction and concrete flooring complement central heating and air conditioning. Restrooms are shared with other first-floor occupants and sit in a common hallway outside the listed space. The building dates to 1950 and is zoned Commercial.
One designated parking space is provided in a secured lot across the street. Additional on-street parking is available. Nearby businesses include Tsunami, Buchanan Lofts, and Refinery hair salon and barber shop.
One designated parking space is provided in a secured lot across the street. Additional on-street parking is available. Nearby businesses include Tsunami, Buchanan Lofts, and Refinery hair salon and barber shop.
Key Highlights
- Open interior with 24‑foot ceilings
- Large street‑facing windows
- One designated space in a secured lot across the street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,344
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,880
$386.9K
Cap Rate 7%
$276,343
$276.3K
Cap Rate 9%
$214,933
$214.9K
Market Conditions
NOI Build-Up for 1,595 SF
Gross rent
$30.0K $18.84/SF
− Vacancy
−$2.4K −$1.51/SF
EGI
$27.6K $17.33/SF
− OpEx
−$8.3K −$5.20/SF
NOI
$19.3K $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%
$386,880
Cap Rate 7%
$276,343
Cap Rate 9%
$214,933
Alternative Uses
Best Use
Retail
$276.3K
$241.8K – $322.4K
NOI $19,344 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.1K
$330.0K – $440.0K
NOI $26,398 @ 7.0% cap · market cap 9.43%
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
2,053
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
$117,200
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in Lafayette, LA
Properties on Market for Storefront properties in Lafayette
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 existing tenant occupies the space, with a reserved parking space in a secured lot across the street.
Where is this storefront property located?
The property is located at 403 S Buchanan Street Lafayette, LA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Open interior with 24‑foot ceilings; Large street‑facing windows; One designated space in a secured lot across the street
