Highway 167 Commercial Building

7612 Us Highway 167, Abbeville, LA 70510

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For Sale

$695,000

Commercial building with high visibility, multiple uses, and ample parking.

Property size:

4,710 SF

Lot size:

8.59 Acres

Price / SF:

$147/SF

HighLights

Prime location with great visibility on Highway 167, minutes from Lafayette.
Large 4710 sq ft building on over 8.5 acres with 25+ parking spaces.
Versatile property suitable for multiple uses: office, daycare, church, etc.
Features 10+ offices, break room, large gathering room, soundproof conference room, and kitchen.
Recent upgrades: Roof fully replaced two years ago, serviced mechanical septic system.
Additional benefits: No city taxes, storm shutters, did not flood in 2016 (Flood zone X 500).

We can help!

Listing Contact

Billy McCarthy

For Sale

$695,000

Commercial building with high visibility, multiple uses, and ample parking.

Property size:

4,710 SF

Lot size:

8.59 Acres

Price / SF:

$147/SF

Added:: Oct 4, 2023
Days on Market:: 986
Last Refresh:: Jan 14 at 5:00 am

Property Features for 7612 Us Highway 167

General Information

Standard status: Active
Size: 4,710 SF
Lot size: 8.59 Acres

We can help!

Listing Contact

Billy McCarthy

Listing agent Billy McCarthy License #99563186

Listing office Compass

Listing date Oct 4, 2023

Source Exprealty

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 Compass

HighLights

Prime location with great visibility on Highway 167, minutes from Lafayette.
Large 4710 sq ft building on over 8.5 acres with 25+ parking spaces.
Versatile property suitable for multiple uses: office, daycare, church, etc.
Features 10+ offices, break room, large gathering room, soundproof conference room, and kitchen.
Recent upgrades: Roof fully replaced two years ago, serviced mechanical septic system.
Additional benefits: No city taxes, storm shutters, did not flood in 2016 (Flood zone X 500).

Overview

Located on Highway 167, this property offers high visibility and is situated within minutes of Lafayette. The 4,710 square-foot building sits on over 8.5 acres and includes 25+ parking spaces and a horseshoe drive. The property can accommodate multiple uses, such as an office building, early learning center or daycare, or a church. The building features 10+ offices, a break room, a large gathering room with a room divider, a soundproof conference room with video equipment, a side driveway with covered parking, two bathrooms, and a kitchen and breakroom. The back acreage is currently leased for sugar cane. Additional features include storm shutters, a large storage shed, public water, a mechanical septic system, and a water well. The roof was fully replaced two years ago. The property is located 4.2 miles from Maurice and 4.4 miles from Abbeville and has no city taxes. The property did not flood in 2016 and is located in Flood zone X 500.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$84.8k	$18.00
− Vacancy	−$11.7k	−$2.48
EGI	$73.1k	$15.52
− OpEx	−$18.3k	−$3.88
NOI	$54.8k	$11.64

4,710 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$783.0K

$685.1K – $913.5K (±1% cap)

NOI $54,810 @ 7.0% cap · market cap 7.89%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.11M

$974.4K – $1.30M (±1% cap)

NOI $77,952 @ 7.0% cap · market cap 11.22%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Abbeville
County: Vermilion
State: Louisiana
Longitude: -92.1237
Latitude: 30.0407

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For sale
Office buildings
LA
Abbeville
70510
7612 Us Highway 167

What type of property is this?

Office building - Commercial building with high visibility, multiple uses, and ample parking.

Where is this office building located?

The property is located at 7612 Us Highway 167 Abbeville, LA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Prime location with great visibility on Highway 167, minutes from Lafayette.; Large 4710 sq ft building on over 8.5 acres with 25+ parking spaces.; Versatile property suitable for multiple uses: office, daycare, church, etc.