Former Coffee Shop
For Sale
$380,000
410 Poydras St, Lafayette, LA 70501
Commercial property formerly operated as a coffee shop for sale.
Property Size2,570 SF
Price / SF$147.86
Days on Market207
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Property Features for 410 Poydras St
General Information
Standard status
Active
Size
2,570 SF
Total Parking Spaces
22
Property subtype
Hospitality
Zoning
MN-1
Amenities
Vacant
22 Parking Spaces
Listing Agency:
Keller Williams Realty Acadiana
Listed By:
Lisa Krause · License #75531
(337) 342-0206
Source:
Lacdb.resimplifi
Added: Mar 23
Changed: Oct 8
Last Checked: Oct 14 at 7:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Acadiana
Investment Insights
Based on property information with market context.
This 2570 square foot commercial property presents an opportunity for establishing a business. Previously operated as a coffee shop, the property's existing setup allows for various business concepts. Potential uses include a coffee shop, lunch house, jazz spot, or restaurant. The property is priced below appraisal.
Key Highlights
- Priced below appraisal, offering instant equity.
- Versatile space suitable for various business types.
- Formerly a coffee shop, suggesting existing infrastructure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,394
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,880
$667.9K
Cap Rate 7%
$477,057
$477.1K
Cap Rate 9%
$371,044
$371.0K
Market Conditions
NOI Build-Up for 2,570 SF
Gross rent
$48.4K $18.84/SF
− Vacancy
−$3.9K −$1.51/SF
EGI
$44.5K $17.33/SF
− OpEx
−$11.1K −$4.33/SF
NOI
$33.4K $12.99/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,880
Cap Rate 7%
$477,057
Cap Rate 9%
$371,044
Alternative Uses
Best Use
Specialty Retail
$477.1K
$417.4K – $556.6K
NOI $33,394 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$607.6K
$531.7K – $708.9K
NOI $42,535 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,380
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Las tablas los santos el cocal — Lafayette, LA 70501
- Lafayette Court House Coffee — 800 S Buchanan St, Lafayette, LA 70501
- Mikos Java House — 409 Lee Ave #3, Lafayette, LA 70501
- Rêve Coffee Roasters — 200-A Jefferson St, Lafayette, LA 70501
- Black Cafe — 518 S Pierce St #100, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Coffee shop - Commercial property formerly operated as a coffee shop for sale.
Where is this coffee shop located?
The property is located at 410 Poydras St Lafayette, LA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Priced below appraisal, offering instant equity.; Versatile space suitable for various business types.; Formerly a coffee shop, suggesting existing infrastructure.
