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Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Consultant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Lafayette market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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