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Renovated Downtown Office Building
For Lease
$4,000,000 SF/Yr

538 Jefferson Street, Lafayette, LA 70501

COMMERCIAL - Lafayette, LA

Property Size24,850 SF
Days on Market53

Property Features for 538 Jefferson Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning Commercial
Parking features Garage
Security features Security System
Exterior features Door Sign
Subdivision Vermillionville
Directions Down Jefferson Street across from Parking Tower
Standard status Active
APN 6072219
Size 24,850 SF

Taxes and HOA fees

Tax Description W P LOT 125-OLD CORP (JEFFERSON STREET MARKET)
Legal Description W P LOT 125-OLD CORP (JEFFERSON STREET MARKET)

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Building Details

Floors in Building 2
Flooring type Concrete, Tile - Ceramic
Roof type Tar/Gravel
Listing Agency: Keaty Real Estate Team
Listed By: James Keaty · License #30974
Added: Jun 9 Changed: Jun 10 Last Checked: Jul 31 at 12:06AM
MLS# 2600005138

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.

Completely renovated downtown office building with two floors totaling approximately 24,850 square feet. The first floor, about 15,500 square feet, is move-in ready and features a full kitchen, conference rooms, meeting and training rooms, multiple restrooms, and expansive open space. The building includes real exposed brick walls paired with higher-end finishes. A rooftop deck is included on the upper level.

The property is located in the heart of downtown Lafayette in the Historic Downtown District, directly across from the Vermilion parking garage entrance through the park. It is offered for lease or sale as-is, with plans in place to build out the second floor for a tenant or buyer who needs finished additional space, at an additional cost. The second floor, about 9,350 square feet, is wide open with plumbing already in place, suitable for additional open space or storage as-is, or ready for finish-out to match the first floor.

Designed to support business operations, the building includes infrastructure such as heavy electrical capacity, high-speed internet and fiber wiring, and fire sprinkler systems throughout. With an available first-floor configuration suitable for a headquarters-style layout, and an unfinished second floor that can be finished, the property can serve a tenant looking to occupy immediately and expand on-site as needs evolve.

Key Highlights

  • Approximately 24,850 SF office building across two floors in downtown Lafayette’s Historic Downtown District
  • First floor (~15,500 SF) is fully renovated and move‑in ready with a full kitchen, conference rooms, meeting/training rooms, multiple restrooms, and expansive open space
  • Second floor (~9,350 SF) is wide open with plumbing already in place, offering additional open space or storage as‑is

Property Analytics

Current Use

Perficient Inc. Consultant

Suggested Use

Top Pick HVAC Service Real Estate Agency Building Supply Kitchen & Bath Showroom Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Heavy power
Yes
Sprinkler system
NNN (Triple Net)
Lease Type
$600,000.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,310
Businesses Nearby

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

Market

Lease Benchmarks for Lafayette, LA

$36.81 /SF/Yr
Avg Asking Price
$8.31–$277 /SF/Yr
Price Range
7,747 SF
Avg Space Size

This space is priced 10867228% above the average of $36.81 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Completely renovated two-story office with rooftop deck and first-floor move-in readiness in a historic downtown setting.
Where is this office building located?
The property is located at 538 Jefferson Street Lafayette, LA.
What is the lease rate?
The lease rate is $4,000,000.
What are key features of this property?
This property features: Approximately 24,850 SF office building across two floors in downtown Lafayette’s Historic Downtown District; First floor (~15,500 SF) is fully renovated and move‑in ready with a full kitchen, conference rooms, meeting/training rooms, multiple restrooms, and expansive open space; Second floor (~9,350 SF) is wide open with plumbing already in place, offering additional open space or storage as‑is
More about this property
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