227 Bendel RdLafayette, LA 70503

Property Details for 227 Bendel Rd

Year built

1988

Lot size

0.69 AC

Property size (Sq ft)

16,363 SF

Property type

Office properties

APN

6056522

APU

6056522

Description

This exceptional 16,955 square foot office building is strategically located in Lafayette's Oil Center, a highly desirable area for businesses. The property, situated at 227 Bendel Road, Lafayette, LA 70503, is meticulously maintained and presents a fantastic opportunity for both investors and owner-occupiers. The building features two distinct suites, providing the flexibility to generate rental income from separate tenants or to accommodate a single large occupant. This dual-suite configuration offers significant versatility, allowing for customized space allocation to meet diverse business needs. The property's prime location within the Oil Center ensures high visibility and easy access to major thoroughfares, making it an attractive proposition for a wide range of professional services, including medical practices. The asking price for this well-maintained office building is $1,500,000. This represents a compelling investment opportunity in a thriving Louisiana market. The property's size and layout make it suitable for a variety of uses, offering a strong return on investment potential. Serious inquiries are encouraged to explore this exceptional commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $2,242,123

  6.5%

  $2,069,652

  7%

  $1,921,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,090,638

  Geo Method

  $4,898,918

• Alternative Use

  Use

  Valuation

  Residential

  $2,566,369

  Hospitality

  $2,350,780

  Educational

  $1,955,821

  Medical

  $2,023,085

  Retail

  $3,042,389

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.2007

Longitude

-92.0171

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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