Advertise
    Location, address, ZIP or keywords
    Corner Unit in Lafayette, LA

    403 S Buchanan Street Lafayette, LA 70501

    Claim this Listing
    For Sale
    $450,000

    COMMERCIAL - Lafayette, LA

    Property size:
    2,521 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $178/SF
    Added:
    Sep 10, 2025
    Days on Market:
    306
    Last Refresh:
    Jul 12 at 10:06 am

    Property Features for 403 S Buchanan Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CBD
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking
    2
    Parking features
    On Street, Assigned
    Security features
    Security System
    Standard status
    Active
    APN
    6172423
    Size
    2,521 SF
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Description
    UNIT A BUCHANAN LOFTS (0.0579 AC)(2521 SF) (16.96% INTEREST IN COMMON AREA & ELEMENTS)

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Roof type
    Concrete

    Listing agent Setareh A Mirian License #99564700

    Listing office Compass 2000 Kaliste Saloom, Ste. 101, LA

    Listing date Sep 10, 2025

    MLS# 2500003385

    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.

    This property, located in Lafayette, LA, offers an excellent investment opportunity with an existing long-term tenant. The corner unit is well-maintained and features high visibility. The property has a size of 2521 square feet and is situated on a lot of 0.58 acres. Ease of parking is available along the street, with access to a paid parking lot across the street. The zoning is Cbd. The property can be used as professional/office or retail.

    Key Highlights

    • Excellent investment opportunity with existing long‑term tenant.
    • High visibility corner unit.
    • Well‑maintained with tons of character.

    Local Financial Insights For Retail

    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 $47.5k $18.84
    − Vacancy −$3.8k −$1.51
    EGI $43.7k $17.33
    − OpEx −$13.1k −$5.20
    NOI $30.6k $12.13
    2,521 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $436.8K
    $382.2K – $509.6K (±1% cap)
    NOI $30,574 @ 7.0% cap · market cap 6.79%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $596.1K
    $521.6K – $695.4K (±1% cap)
    NOI $41,724 @ 7.0% cap · market cap 9.27%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    The Voodoo 5 Motorcycle Shop Buchanan Lofts Hotel & Motel Cajun Stays - Buchanan ... Hostel Un-Wine'D Bar & Pub Refinery Downtown Barber Shop

    Suggested Use

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

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

    Similar For Sale Nearby

    • $1,500,000
      6,178 SF

      Multi-Tenant Commercial Building with Drive-Thru

      Newer 2020-built three-suite property with a drive-thru window and an in-place medical office buildout.
      1501 W Pinhook Road, Lafayette, LA 70503
      View Details
    • $249,500
      7,500 SF

      Contractor Garage Flex Suites

      Two flex suites each with roll-up bays, office space, and shared outdoor storage options on a commercial-zoned lot.
      401 Mecca Street, Lafayette, LA 70508
      View Details
    • $735,000
      5,856 SF

      Neighborhood Strip Center Investment

      Fully leased strip center with four suites and strong on-site parking in a high-demand commercial corridor.
      107 Energy Parkway, Lafayette, LA 70508
      View Details
    • $825,000
      3,476 SF

      Historic Downtown Lafayette Commercial Property

      Renovated historic commercial property in downtown Lafayette with rental income.
      120 Caillouett Place, Lafayette, LA 70501
      View Details
    • $1,100,000
      8,576 SF

      Multi-Purpose Event Center with Commercial Kitchen

      Versatile event space with meeting areas, office space, a fully equipped commercial kitchen, and an expanded covered pavilion.
      200 Rue Du Belier, Lafayette, LA 70506
      View Details
    • $1,300,000
      8,816 SF

      Professional Office with Optional Income

      Well-maintained office property in Lafayette with flexible income potential.
      114 Representative Row, Lafayette, LA 70508
      View Details
    • $629,000
      4,200 SF

      Mixed-Use Commercial Building

      Three-suite mixed-use building with dedicated parking, offering flexible space for office, medical, or retail users.
      2807 Kaliste Saloom Road, Lafayette, LA 70508
      View Details
    • $270,000
      3,000 SF

      Office/Warehouse Flex Property

      Office and insulated warehouse space with roll-up loading and front and rear parking for operational flexibility.
      205 Four Park Road, Lafayette, LA 70507
      View Details
    • $249,900
      5,800 SF

      Flex/Industrial Building with Three Suites

      Three-suite flex/industrial facility with offices and roll-up doors for versatile contractor, manufacturing, or distribution use.
      405 Mecca Street, Lafayette, LA 70508
      View Details
    • $289,000
      5,700 SF

      Flex Warehouse with Office and Studio

      Corner-lot warehouse with an overhead door, office-ready front, and a gated rear yard for secure parking and added workspace.
      3121 Cameron Street, Lafayette, LA 70506
      View Details
    • $825,000
      6,068 SF

      Multi-Unit Residential Rental Package

      Seven occupied income-producing rental units sold as an as-is package with total monthly rent of $8,270.
      426 Bellevue Street, Lafayette, LA 70506
      View Details
    • $860,000
      20,485 SF

      Versatile Commercial Property in Lafayette

      Unique commercial property with light industrial zoning in downtown Lafayette.
      204 Wilson Street, Lafayette, LA 70501
      View Details

    Similar Off Market Nearby

    • Root Floral Design — 810 Jefferson St, Lafayette, LA 70501
    • Preservation Press — 526 St John St, Lafayette, LA 70501
    • Flowers Etc — 1803 W University Ave, Lafayette, LA 70506
    • Tommy's Downtown Flower Market — 220 Duclos St, Lafayette, LA 70506

    FAQs

    What type of property is this?
    Storefront property - Well-maintained corner unit with high visibility and long-term tenant.
    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 $450,000.
    What are key features of this property?
    This property features: Excellent investment opportunity with existing long‑term tenant.; High visibility corner unit.; Well‑maintained with tons of character.
    Contact an agent
    (337) 344-0067
    We can help!
    Contact an agent
    Setareh A Mirian
    Real Estate License ID: 99564700
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    403 S Buchanan Street, Lafayette, LA 70501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!