311 University Ave Lafayette, LA 70506-1630

Property Details for 311 University Ave

Lot size

0.20 lot acres

Property type

Commercial land

APN

6045999

APU

6045999

Description

This exceptional 3,100 square foot Class B office building is situated on a 0.29-acre lot at 311 W University Ave in Lafayette, Louisiana, zip code 70506. The property, identified by APN 6022502, features a single-story structure with seventeen parking spaces. The building boasts seven individual offices, a conference room, kitchen, two lobbies, and two restrooms. Its layout offers the potential for subdivision into three separate tenant suites, each with its own private entrance. The property enjoys a highly desirable location near the intersection of University Avenue and Johnston Street, providing convenient access to downtown Lafayette and the University of Louisiana at Lafayette. The high traffic count exceeding 19,500 vehicles per day ensures excellent visibility and accessibility. The building is equipped with LUS Fiber internet and a security system that monitors for both fire and burglary. Zoned CM-1 Commercial Mixed, this property offers a wide range of permitted uses. Furthermore, it is located in Flood Zone X, offering peace of mind to potential buyers. The asking price for this well-maintained and strategically located office building is $540,000, translating to $174.19 per square foot.