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Renovated Office Unit
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708 W University Parkway, Lafayette, LA 70501

Commercial Lease, Lafayette, LA

Space Size1,225 SF
Lot Size0.30 Acres
Days on Market751

Property Features for 708 W University Parkway

General Information

Property type Commercial Lease
Property subtype Other
Zoning CM-1 (COMMERCIA
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Parking features On Street, Off Street
Subdivision Elmhurst Park
Directions Head north on University, take a right onto the property.
Standard status Active
APN 6045506
Size 1,225 SF
Lot size 0.30 Acres

Taxes and HOA fees

Tax Description Lots 25,26,27 Blk Elmhurst Add
Legal Description Lots 25,26,27 Blk Elmhurst Add

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Floors in Building 2
Roof type Metal
Listing Agency: Scout Real Estate Co.
Listed By: Braxton J Higginbotham · License #9957099385
Added: Sep 23, 2024 Changed: Oct 8 Last Checked: Oct 13 at 3:06PM
MLS# 24008914

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.

Available for lease, this renovated office unit at 708 W University Parkway in Lafayette measures 1,225 square feet. The space has central heating and central air conditioning, along with two bathrooms.

The property is served by public water and sewer and has a metal roof. Parking options include on-street and off-street spaces.

Key Highlights

  • 1,225 square feet of renovated office space
  • Two bathrooms
  • Central heating and central air conditioning

Property Analytics

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Current Use

Office Units

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,106
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Lafayette, LA

$39.84 /SF/Yr
Avg Asking Price
$1.02–$300 /SF/Yr
Price Range
5,038 SF
Avg Space Size

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 units - A 1,225-square-foot workspace has central heating and air conditioning, two bathrooms, and access to on- and off-street parking.
Where is this office units located?
The property is located at 708 W University Parkway Lafayette, LA.
What are key features of this property?
This property features: 1,225 square feet of renovated office space; Two bathrooms; Central heating and central air conditioning
More about this property
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