Historic Downtown Lafayette Office
814 S Washington St, Lafayette, LA 70501
Historic office building in Downtown Lafayette with multi-tenant potential.
Type:Office
Property size:
4,281 SFPrice / SF:
$174/SF- Added:
- Aug 29, 2025
- Days on Market:
- 313
- Last Refresh:
- Jul 4 at 8:01 am
Property Features for 814 S Washington St
General Information
- Standard status
- Active
- Size
- 4,281 SF
- Property subtype
- Office
Building Details
- Year Built
- 1869
Listing office The Gleason Group
Listing date Aug 29, 2025
Source Crexi
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 The Gleason Group
HighLights
- Prime Downtown Lafayette location, directly across from the Federal Courthouse and in an Opportunity Zone.
- Flexible layout designed for single or multi‑tenant use with three separately metered and keyed units, each with its own HVAC.
- Historic building with original flooring and millwork, listed on the Lafayette Historic Register, potentially offering tax advantages.
- Move‑in ready condition, fully renovated in 1980, and wired with Cat 5 in conduit.
- Ample off‑street and on‑street parking available.
- Well‑suited for legal, professional, or creative office use, accommodating up to eight attorneys and support staff.
Overview
This historic office building, constructed in 1869 and renovated in 1980 for professional use, is located in Downtown Lafayette, within an Opportunity Zone and directly across from the Federal Courthouse. Listed on the Lafayette Historic Register, the property retains its original flooring and millwork. The building offers 12 offices, 2 conference rooms, and full Cat 5 wiring in conduit. Ample off-street and on-street parking is available. The 4,281 square-foot building is designed to operate as three separate units—two downstairs and one upstairs—each separately metered, individually keyed, and equipped with its own HVAC system. All units share a common entry hall with front and rear entrances, a coffee area, and two restrooms. The upstairs unit includes its own bathroom and exterior rear exit. Each downstairs unit has a separate rear entrance, with one also offering a private bathroom. The flexible layout is suitable for owner-occupants or investors seeking multi-tenant potential. The building is move-in ready and well-suited for legal, professional, or creative office use, and can accommodate up to eight attorneys and support staff. Potential tax advantages may be available for qualifying improvements due to its historic designation. The seller requests a 30-day leaseback after closing.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.1k | $18.00 |
| − Vacancy | −$10.6k | −$2.48 |
| EGI | $66.4k | $15.52 |
| − OpEx | −$16.6k | −$3.88 |
| NOI | $49.8k | $11.64 |
4,281 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$711.7K
$622.7K – $830.3K
NOI $49,818 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$885.7K – $1.18M
NOI $70,852 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Lafayette
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.022066
- Latitude
- 30.225544
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Historic office building in Downtown Lafayette with multi-tenant potential.
Where is this office building located?
The property is located at 814 S Washington St Lafayette, LA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Prime Downtown Lafayette location, directly across from the Federal Courthouse and in an Opportunity Zone.; Flexible layout designed for single or multi‑tenant use with three separately metered and keyed units, each with its own HVAC.; Historic building with original flooring and millwork, listed on the Lafayette Historic Register, potentially offering tax advantages.
