506 Lafayette St Youngsville, LA 70592
- Day care centers
- 15,056 SF
Current Use by Public Records
- Love My Hair Spa / Hair Salon
- Breathe & Move / Dance School
- The Pentecostals of Youngsville / Pentecostal Church
- City Cuts Barbershop / Barber Shop
Property Details for 506 Lafayette St
- Property size
- 15,056 SF
- Property type
- Day care centers
- Property subtype
- Lifestyle centers
Description
This exceptional investment opportunity presents a fully leased, 15,056 square foot retail center and commercial complex in the rapidly growing city of Youngsville, Louisiana. Priced at $1,250,000, this stabilized property boasts 100% occupancy and offers significant upside potential. The property comprises a five-unit strip center at 506 Lafayette Street, a daycare center, a physiotherapy practice, and a residential apartment at 508 Lafayette Street. A key feature is the inclusion of over 2.5 acres of cleared land at the rear of the property, ideal for future development. This expansive lot offers significant expansion possibilities, complementing the existing income-generating structures. The property enjoys a prime location on Highway 89 (Lafayette Street), within a block of the new Youngsville Municipal Complex, NuNu's Fresh Market, and the Sugar Mill Pond Lifestyle Development, surrounded by thriving residential communities. Additionally, a single-family residential property at 109 Romero Street, situated on a 60' x 166' lot, is included, potentially providing alternative access to the rear 2.5-acre parcel. This comprehensive offering presents a rare chance to acquire a well-positioned, income-producing asset with substantial growth potential in a dynamic Louisiana market. The property's current tenants do not have credit ratings.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Youngsville
- County
- Lafayette Parish
- State
- Louisiana
- Longitude
- -91.9906
- Latitude
- 30.104
