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Renovated Strip Mall
For Sale
$990,000

801 W University Avenue, Lafayette, LA 70506

Commercial Sale, Lafayette, LA

Property Size9,263 SF
Lot Size0.25 Acres
Price / SF$106.88
Days on Market446

Property Features for 801 W University Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning MN1
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 3, Bathroom 6, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5
Parking 20
Parking features On Street, Off Street
Exterior features Door Sign, Pole Sign
Lot features Corner
Directions Congress towards Evangeline Thruway coming from Cajun Dome, right on University, property will be on the right
Subdivision G3
Standard status Active
APN 6032397
Size 9,263 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Description PAR OF GRO (73X150) FRONT- INGAZALEA ST 85-42846 LESS (61.1 SQFT) TO DEPT OF HWYS
Legal Description PAR OF GRO (73X150) FRONT- INGAZALEA ST 85-42846 LESS (61.1 SQFT) TO DEPT OF HWYS

Utilities

Heating system Natural Gas, Central
Cooling system Central Air
Water source Public

Building Details

Floors in Building 1
Flooring type Vinyl
Roof type Rubber
Listing Agency: The Gleason Group
Listed By: Lisa Viator · License #912122026
Added: Jul 18, 2025 Changed: Sep 12 Last Checked: Oct 6 at 10:06PM
MLS# 2500001407

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.

This renovated strip mall at 801 W University Avenue comprises 6 commercial units within 9,263 square feet on a 0.25-acre site. The property includes 6 bathrooms, vinyl flooring, a rubber roof, and door and pole signage. Building systems include central air conditioning, central heating, and natural gas service.

Zoned MN1, the property has public water and a combination of off-street and on-street parking. Its Lafayette setting places it near the university and downtown, with access from W University Avenue.

Key Highlights

  • 9,263 square feet across 6 commercial units
  • 0.25‑acre site at 801 W University Avenue, Lafayette, LA 70506
  • MN1 zoning with public water service

Property Analytics

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Current Use

Southwest Loan & Insurance ... Insurance Agency Deep South Financial ... Loan Service Goldie Locks Realty ... Real Estate Agency Brandy Siner -Real ... Real Estate Agency Warrior Roofing Roofing Company

Suggested Use

Top Pick HVAC Service Pharmacy Storage Facility Kitchen & Bath Showroom Home Appliance Store (Bike/Boat/Book/etc) Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,106
Businesses Nearby

Demographics for 70506, LA

39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Multi-suite commercial center with signage, central HVAC, and both off-street and on-street parking.
Where is this strip mall located?
The property is located at 801 W University Avenue Lafayette, LA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 9,263 square feet across 6 commercial units; 0.25‑acre site at 801 W University Avenue, Lafayette, LA 70506; MN1 zoning with public water service
More about this property
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