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Leased Office Building on Corner

2201 W Congress St, Lafayette, LA 70506

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For Sale

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4,494 SF office building leased to national tenant.

Type:Office

Property size:

4,494 SF

Lot size:

0.56 Acres

Price / SF:

$189/SF

HighLights

4,494 sq ft brick office building leased to a national tenant
Current lease generates $4,972 monthly income
Lease expires February 28, 2027, with three one‑year renewal options
Located on a 0.561‑acre corner lot
Convenient access to Bertrand Drive, Evangeline Thruway, and Interstate 10
Proximity to Cajundome, Cajun Field, Ochsner University Hospital & Clinics, Downtown Lafayette, and Lafayette Regional Airport

We can help!

Contact an agent

Cade Bogan

For Sale

Contact for pricing

4,494 SF office building leased to national tenant.

Type:Office

Property size:

4,494 SF

Lot size:

0.56 Acres

Price / SF:

$189/SF

Added:: Jul 2, 2024
Days on Market:: 726
Last Refresh:: May 12 at 10:58 pm

Property Features for 2201 W Congress St

General Information

Standard status: Active
Size: 4,494 SF
Lot size: 0.56 Acres
Property subtype: Office

Building Details

Year Built: 1973

We can help!

Contact an agent

Cade Bogan

Listing office Beau Box Commercial Real Estate Baton Rouge

Listing date Jul 2, 2024

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 Beau Box Commercial Real Estate Baton Rouge

HighLights

4,494 sq ft brick office building leased to a national tenant
Current lease generates $4,972 monthly income
Lease expires February 28, 2027, with three one‑year renewal options
Located on a 0.561‑acre corner lot
Convenient access to Bertrand Drive, Evangeline Thruway, and Interstate 10
Proximity to Cajundome, Cajun Field, Ochsner University Hospital & Clinics, Downtown Lafayette, and Lafayette Regional Airport

Overview

The subject property is a 4,494 square foot, one-story brick office building situated on a 0.561-acre corner lot. It is currently leased to a national tenant at $4,972 per month, which equates to a lease rate of $13.28 per square foot. The base term of the lease expires on February 28, 2027, and includes three one-year renewal options. The property is conveniently located between Bertrand Drive and Evangeline Thruway, both of which run north-south and provide direct connections to Interstate 10. Nearby attractions include the Cajundome and Cajun Field. Ochsner University Hospital & Clinics and Downtown Lafayette are a short drive away. The Lafayette Regional Airport is also easily accessible.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$80.9k	$18.00
− Vacancy	−$11.2k	−$2.48
EGI	$69.7k	$15.52
− OpEx	−$17.4k	−$3.88
NOI	$52.3k	$11.64

4,494 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$747.1K

$653.7K – $871.6K (±1% cap)

NOI $52,297 @ 7.0% cap · market cap 6.15%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.06M

$929.7K – $1.24M (±1% cap)

NOI $74,377 @ 7.0% cap · market cap 8.75%

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: -92.0363975
Latitude: 30.2215582

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For sale
Office buildings
LA
Lafayette
70506
2201 W Congress St

What type of property is this?

Office building - 4,494 SF office building leased to national tenant.

Where is this office building located?

The property is located at 2201 W Congress St Lafayette, LA.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 4,494 sq ft brick office building leased to a national tenant; Current lease generates $4,972 monthly income; Lease expires February 28, 2027, with three one‑year renewal options