1011 Lee AveLafayette, LA 70501

Property Details for 1011 Lee Ave

Year built

1880

Property size (Sq ft)

4,500 SF

Property type

Office properties

Description

This unique Lafayette Parish property, located in the desirable LACDB - G3 submarket, presents a rare investment opportunity. The 4,500 square foot building, situated on a 0.46-acre lot, boasts a rich history, having been constructed in 1880. Currently zoned D, this two-story Class B building offers a single-tenant occupancy. The property comprises three separate structures, all well-maintained and updated, presenting versatile options for commercial or residential use. Potential uses include a spa, medical office, bed and breakfast, or other similar ventures. The main building features three bedrooms and two bathrooms, while the adjacent structure offers two bedrooms and one bathroom. A carriage house, currently a popular Airbnb rental, includes one bedroom and one bathroom. The property is located in an Opportunity Zone, across from the Juliet boutique hotel, and benefits from ample nearby parking. While currently listed as a whole for $1,150,000, the seller is also offering the main building and carriage house for $825,000 and the adjacent building for $375,000. The property has already been subdivided. The carriage house and one adjacent building are currently tenant-occupied. The property features a new roof. This exceptional property is ideal for a buyer seeking a blend of historical charm and modern functionality in a prime downtown location. The property's APN is 6172064.

Location Insight

City

Lafayette

County

Lafayette Parish

State

Louisiana

Latitude

30.2206

Longitude

-92.019

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