110 Production DrLafayette, LA 70508

Property Details for 110 Production Dr

Year built

2000

Lot size

1.58 AC

Property size (Sq ft)

11,536 SF

Property type

Commercial real estate

APN

6031614

APU

6031614

Description

This exceptional 10,900 square foot shopping center, located at 110 Production Drive in Lafayette, Louisiana, presents a compelling investment opportunity. Built in 2006 and renovated in 2017, the single-story building sits on a 1.59-acre lot and boasts 127 parking spaces, ensuring ample customer convenience. Currently operating under a NNN lease structure with a multi-tenant occupancy of 50%, the property offers significant upside potential. The asking price is $1,295,000, translating to $118.81 per square foot. The property is zoned COMMERCIAL and features a remaining lease term of one year. Its prime location within the Lafayette Parish, in the Lacdb - G1 submarket, benefits from strong demographics and high traffic volume. The property's APN is 6031614. This well-maintained shopping center offers a solid foundation for immediate income generation and future growth, making it an attractive addition to any investment portfolio. The property's strategic location and existing infrastructure provide a strong base for long-term value appreciation. This is a rare opportunity to acquire a well-positioned retail property in a thriving Louisiana market. The property's size, parking availability, and existing tenant base make it an ideal investment for both seasoned and emerging investors.

• Alternative Use

  Use

  Valuation

  Residential

  $1,809,277

  Hospitality

  $1,657,288

  Educational

  $1,378,844

  Medical

  $1,426,265

  Retail

  $2,144,868

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.179

Longitude

-92.0071

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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