Historic Office Building,
814 S Washington Street, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
Property size:
4,281 SFLot size:
0.39 AcresPrice / SF:
$174/SF- Added:
- Jul 24, 2025
- Days on Market:
- 314
- Last Refresh:
- Jun 2 at 2:06 am
Property Features for 814 S Washington Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 2
- Parking features
- On Street, Off Street
- Exterior features
- Partially Fenced
- Fencing
- Partial
- Standard status
- Active
- APN
- 6053699
- Size
- 4,281 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Description
- Lot 95 and Portion of Lots 94 & 96 Mills Addition, Parish of Lafayette
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Wood
- Roof type
- Composition
Listing agent Robert Crouchet License #47346 (337) 781-6614
Listing office The Gleason Group 151 Southpark Rd, Suite 401, Lafayette, LA (337) 262-7873
Listing date Jul 24, 2025
MLS# 2500001604
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.
HighLights
- Historic office building in Downtown Lafayette, listed on the Lafayette Historic Register.
- Located in an Opportunity Zone and directly across from the Federal Courthouse.
- Flexible layout designed to operate as three separate units, each separately metered and with its own HVAC.
- Ample off‑street and on‑street parking.
- Fully renovated for professional use with Cat 5 wiring.
- Potential tax advantages for qualifying improvements due to historic designation.
Overview
This historic office building, constructed in 1869 and renovated in 1980, 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, totaling 4281 square feet on a 0.39-acre lot, includes 12 offices and 2 conference rooms. It is fully wired with Cat 5 cabling in conduit and offers both off-street and on-street parking. Designed to function as three separate units—two downstairs and one upstairs—each unit is 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 features a private bathroom and exterior rear exit, while 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 suited for legal, professional, or creative office use, accommodating up to eight attorneys and support staff. The seller requests a 30-day leaseback after closing. Potential tax advantages may be available for qualifying improvements due to its historic designation.
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
- -92.022121
- Latitude
- 30.225545
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Historic office building in Downtown Lafayette, ideal for professional use.
Where is this office building located?
The property is located at 814 S Washington Street 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: Historic office building in Downtown Lafayette, listed on the Lafayette Historic Register.; Located in an Opportunity Zone and directly across from the Federal Courthouse.; Flexible layout designed to operate as three separate units, each separately metered and with its own HVAC.
