Property profile

106 St Charles St Lafayette, LA 70501

OFF-MARKET
Retail properties & Spaces
1,031 SF
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Property summary

AI-generated overview

This exceptional mixed-use commercial property, located at 106 St Charles St in Lafayette, Louisiana, presents a fantastic investment opportunity. Spanning 1,031 square feet, this building offers a blend of office and retail space, currently occupied by a long-term tenant (a barbershop with over a decade of occupancy). Its prime location offers easy access to the heart of Downtown Lafayette, just a two-minute drive from Jefferson Street, and enjoys high visibility next to Jefferson Drug Pharmacy. The property boasts significant recent upgrades, including a brand new roof and a three-year-old air conditioning unit, minimizing immediate maintenance concerns. The asking price is $150,000, translating to $145.49 per square foot. This represents a strong value proposition given the building's location, condition, and established tenancy. Showings are strictly by appointment only to ensure minimal disruption to the current tenant. Serious inquiries are encouraged to explore this lucrative investment opportunity in a thriving Louisiana market. The property is zoned for mixed-use and is located in Lafayette Parish, Louisiana, zip code 70501.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,031 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

106 St Charles St Lafayette, LA 70501
Lafayette metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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