1105 College RdLafayette, LA 70503

Property Details for 1105 College Rd

Year built

1966

Lot size

1.16 AC

Property size (Sq ft)

5,902 SF

Property type

Office properties

Property subtype

Other office properties

APN

6050659

APU

6050659

Description

This exceptional 576-square-foot Class A executive office suite is ideally situated in Lafayette, Louisiana, at 1105 S College Rd, zip code 70503. Located in Lafayette Parish, this single-tenant space offers unparalleled convenience and accessibility. The property is part of a single-story building and benefits from on-site parking, a significant advantage in this vibrant area. Its strategic location provides easy access to major amenities, including Ochsner Medical Center, the University of Louisiana at Lafayette (UL), and the Oil Center, all within a short commute. Furthermore, Lafayette Regional Airport is only a 10-minute drive away. The surrounding area boasts a diverse range of local restaurants, shops, and businesses, enhancing the property's appeal and providing a dynamic environment for your business. This is a rare opportunity to secure a high-quality, well-located executive office space in a thriving Louisiana market. The property is currently vacant and ready for immediate occupancy. This executive office suite presents a compelling opportunity for businesses seeking a prestigious and convenient location to establish or expand their operations. The address is 1105 S College Rd, Lafayette, LA 70503.

• CAP approach

  CAP return

  Valuation

  6%

  $808,726

  6.5%

  $746,516

  7%

  $693,194

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,114,768

  Geo Method

  $1,767,000

• Alternative Use

  Use

  Valuation

  Residential

  $925,680

  Hospitality

  $847,918

  Educational

  $705,458

  Medical

  $729,720

  Retail

  $1,097,379

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.1997

Longitude

-92.0267

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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