Downtown Lafayette Mixed-Use
436 E Vermilion St, Lafayette, LA 70501
26-unit mixed-use property with retail/office space in Downtown Lafayette.
Type:Multifamily / Commercial
Property size:
20,940 SFPrice / SF:
$262/SF- Added:
- Nov 21, 2025
- Days on Market:
- 179
- Last Refresh:
- Apr 5 at 10:39 pm
Property Features for 436 E Vermilion St
General Information
- Standard status
- Active
- Size
- 20,940 SF
- Property subtype
- Multifamily / Commercial
Building Details
- Year Built
- 2020
Listing agent Unassigned Properties (504) 569-9300
Listing office (504) 569-9300
Listing date Nov 21, 2025
Source Naiglobal
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 Unassigned Properties
HighLights
- 26 Class A residential units with high occupancy rates and attractive mix of studios, 1‑bedroom, and 2‑bedroom units.
- Prime location in Downtown Lafayette, offering easy access to retail, restaurants, and nightlife.
- Includes ±3,313 SF of fully leased retail/office space on the first floor, generating $22‑26/SF, with potential for value‑add through NNN lease conversion.
- Built in 2020, ensuring modern construction and desirable 'Class A' status.
- Unit amenities include stainless steel appliances, washer/dryers, quartz countertops, and 10‑foot ceilings.
- Includes an adjacent duplex with two 2‑bedroom/2‑bath units, increasing the overall residential unit count.
Overview
Vermilion Lofts is a mixed-use property featuring 26 units, situated in Downtown Lafayette at a significant entry point to both the Downtown District and the National Historic District of Freetown. Constructed in 2020, the property includes approximately 3,313 square feet of retail/office space along with "Class A" residential units. The residential component comprises a mix of studios, one-bedroom, and two-bedroom apartments, complemented by a duplex with two 2-bedroom/2-bath units adjacent to the lofts. The residential units average $1,206 per month. The commercial space, which is fully leased, is located on the ground floor and commands rents between $22 and $26 per square foot. The property offers a potential value-add opportunity by converting the first-floor leases to true NNN leases, potentially recovering around $14,000 annually in expenses. The property is located in Flood Zone X. Unit amenities include stainless steel appliances, in-unit washer/dryers, quartz countertops in kitchens and bathrooms, 10-foot ceilings, open floor plans, large windows with commercial roller shades, mini-split remote-controlled HVAC systems, and extra insulated floors and walls for soundproofing. The property features white metal panel siding, large dark gray brick on the bottom floor of the commercial side, aluminum storefronts, aluminum-coated stairs and gates, and is located approximately 0.5 miles from the University of Louisiana at Lafayette.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Vermilion Lofts
Apartment Building
Barnhill Studio Media
Marketing & Advertising
The Yard Photo Booth
Photography Service
The-Yard Studios
(Bike/Boat/Book/etc) Store
Turn-key Home Care ...
Home Health Care Service
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.0157
- Latitude
- 30.2231
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 26-unit mixed-use property with retail/office space in Downtown Lafayette.
Where is this mixed-use property located?
The property is located at 436 E Vermilion St Lafayette, LA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 26 Class A residential units with high occupancy rates and attractive mix of studios, 1‑bedroom, and 2‑bedroom units.; Prime location in Downtown Lafayette, offering easy access to retail, restaurants, and nightlife.; Includes ±3,313 SF of fully leased retail/office space on the first floor, generating $22‑26/SF, with potential for value‑add through NNN lease conversion.
