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    708 University Ave Lafayette, LA 70501

    For Lease
    $191 SF/Yr

    2,500 SF Prime Office for Lease

    Lot size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This stunning, completely renovated 2,500 square foot Class A office space is located in the heart of downtown Lafayette. The two-story building boasts a prestigious address and offers a perfect blend of classic charm and contemporary finishes. Abundant natural light streams in through large windows, illuminating nine well-appointed offices, a welcoming lobby with reception area, a convenient kitchen, and two modern bathrooms. The property's prime location offers easy access to a variety of amenities, including restaurants, coffee shops, and major highways, as well as convenient public transportation. Ample parking is also available. Ideal for a single tenant, this space is perfect for professional services firms, creative agencies, or any growing business seeking a sophisticated and functional workspace in Lafayette's vibrant downtown business district. The single-tenant occupancy ensures privacy and control over the entire space. This is a unique opportunity to secure a highly desirable office location in a thriving urban environment. The building's address is 708 W University Ave, with convenient access via W University Ave. Don't miss this chance to elevate your business to a new level.

    Property Features for 708 University Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,500 SF
    Class
    A
    Total Rate
    39950

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    2,500 SF
    Rate per SF
    $191

    HighLights

    • 2,500 SF Class A office space for lease in Downtown Lafayette.
    • Single‑tenant occupancy.
    • Completely renovated with abundant natural light.
    • Prime downtown location with ample parking near amenities and transportation.
    • Nine offices, lobby, reception area, kitchen, and two bathrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Menard Law Firm, ... Bankruptcy Attorney John G Poteet ... Attorney Acadiana Hyperbarics Wellness Center Hallmark Business Finance ... Loan Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.023837
    Latitude
    30.2211618

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    FAQs

    What type of property is this?
    Office space - 2,500 SF Prime Office for Lease
    Where is this office space located?
    The property is located at 708 University Ave Lafayette, LA.
    What is the lease rate?
    The lease rate is $191 SF/Yr.
    What are key features of this property?
    This property features: 2,500 SF Class A office space for lease in Downtown Lafayette.; Single-tenant occupancy.; Completely renovated with abundant natural light.
    Request Owner's contact information
    708 University Ave Lafayette, LA 70501
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    Lafayette, LA 70501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    708 University Ave Lafayette, LA 70501
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