Office Building with
For Sale
$675,000
Pending
617 S Buchanan Street, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size3,000 SF
Lot Size0.21 Acres
Days on Market54
Property Features for 617 S Buchanan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
6
Parking features
Covered
Directions
From Johnston St, turn onto Jefferson St towards Downtown, take a left onto Vermilion St, then a right at the stop sign, the property will be down on your right.
Subdivision
G3
Standard status
Pending
APN
6040932
Size
3,000 SF
Lot size
0.21 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Description
P LOT 121 OLD CORPORATION (65X133.31X55.88X133.52)
Legal Description
P LOT 121 OLD CORPORATION (65X133.31X55.88X133.52)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
balcony
private courtyard
Building Details
Floors in Building
2
Flooring type
Wood
Roof type
Composition
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Jeff Landry · License #995682229
(337) 257-5380
Added: Aug 31
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2600008163
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.
The 3,000-square-foot office building sits on a 0.21-acre parcel at 617 S Buchanan Street in Lafayette. A balcony and private courtyard add outdoor space, while wood flooring, two bathrooms, and covered parking are among the property’s features. Heating is electric and central, with central air conditioning; public water and sewer serve the building.
The property is in the CBD and has on-site parking, with additional parking accessible nearby.
The property is in the CBD and has on-site parking, with additional parking accessible nearby.
Key Highlights
- 3,000‑square‑foot office building on a 0.21‑acre parcel
- CBD zoning
- Balcony and private courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,911
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,220
$698.2K
Cap Rate 7%
$498,729
$498.7K
Cap Rate 9%
$387,900
$387.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$7.5K −$2.48/SF
EGI
$46.5K $15.52/SF
− OpEx
−$11.6K −$3.88/SF
NOI
$34.9K $11.64/SF
Area
Lafayette, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,220
Cap Rate 7%
$498,729
Cap Rate 9%
$387,900
Alternative Uses
Best Use
Office B
$498.7K
$436.4K – $581.9K
NOI $34,911 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K
NOI $49,651 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,219
Businesses Nearby
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - CBD zoning, a private courtyard, and covered on-site parking shape the property’s practical appeal.
Where is this office building located?
The property is located at 617 S Buchanan Street Lafayette, LA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,000‑square‑foot office building on a 0.21‑acre parcel; CBD zoning; Balcony and private courtyard
