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    401 Empire Dr Lafayette, LA 70503

    Sponsored
    For Sale
    $1,290,000

    5,538 SF Vacant Retail Building

    Property size:
    5,538 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 5,538 square foot vacant retail building, built in 2015, is located at 401 Empire Dr, Lafayette, LA 70503. The property sits on a 18,731 square foot lot and features a Class C construction with stucco exterior walls and an architectural asphalt shingled hip roof. The building boasts 9-14 foot eave heights with a 1.5-foot overhang, a monolithic pour reinforced concrete slab foundation, and custom-designed insulated double-pane windows. Commercial-grade insulated exterior doors, copper awnings over front windows, and a 500 square foot front porch enhance the building's curb appeal. A 10' x 12' steel raised overhead door in the rear provides convenient delivery access. Interior features include wood and carpet flooring, painted drywall walls, and a 14-foot suspended ceiling with 2' x 2' acoustic tiles. The interior walls are painted gypsum board. The property is zoned "ch" and is currently vacant, presenting a unique opportunity for a variety of retail uses, including daycare, pharmacy, or storefront. The asking price is $1,290,000. Showings require 24-hour notice and are scheduled before 10:00 AM or after 5:00 PM. Owner must be present.

    Property Features for 401 Empire Dr

    General Information

    Property type
    Day care centers
    Square Feet
    5,538 SF
    Class
    C

    Building Details

    Year Built
    2015
    Buildings
    1
    Stories
    1

    HighLights

    • 5,538 SF vacant retail building in Lafayette, LA, for sale at $1,290,000.
    • The property is a Class C, single‑story building built in 2015 on an 18,731 SF lot.
    • Suitable for various uses including daycare, pharmacy, and storefront retail.
    • The property features a stucco exterior, architectural asphalt shingle roof, and custom‑designed insulated windows.
    • The owner is selling due to relocation and requires 24‑hour notice for showings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Victory Silks & Interiors Home Improvement Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.069628523394
    Latitude
    30.18160846609

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    FAQs

    What type of property is this?
    Day care center - 5,538 SF Vacant Retail Building
    Where is this day care center located?
    The property is located at 401 Empire Dr Lafayette, LA.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: 5,538 SF vacant retail building in Lafayette, LA, for sale at $1,290,000.; The property is a Class C, single-story building built in 2015 on an 18,731 SF lot.; Suitable for various uses including daycare, pharmacy, and storefront retail.
    Request Owner's contact information
    401 Empire Dr Lafayette, LA 70503
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    Lafayette, LA 70503
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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
    401 Empire Dr Lafayette, LA 70503
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