208 Rue Louis XivLafayette, LA 70508

Property Details for 208 Rue Louis Xiv

Year built

1860

Lot size

0.60 AC

Property type

Office properties

Property subtype

Other office properties

APN

6122187

APU

6122187

Description

This exceptional 7,661 square foot commercial property, located at 208 Rue Louis XIV in Lafayette's LACDB - G1 submarket, presents a unique investment opportunity. The building, classified as Class B, sits on a 0.6-acre lot and is zoned CM-1, offering significant flexibility for various uses. Currently, there are two available spaces ranging from 4,591 to 7,547 square feet, ideal for a variety of tenants. The property's versatile nature makes it suitable for retail, executive office, coworking, or medical office uses. Its prime location just off Kaliste Saloom Road ensures high visibility and accessibility, benefiting from substantial traffic flow. The single building structure provides a cohesive and efficient layout. With 4,633 square feet currently vacant, this presents a significant opportunity for immediate occupancy and customization. The property's multiple tenancy option allows for diverse business models and potential for increased revenue streams. This is a rare chance to acquire a well-situated commercial property with substantial space and high potential for growth in a thriving Lafayette location. The APN is 6122187. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $3,581,298

  6.5%

  $3,305,814

  7%

  $3,069,684

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,936,560

  Geo Method

  $7,824,857

• Alternative Use

  Use

  Valuation

  Residential

  $4,099,208

  Hospitality

  $3,754,853

  Educational

  $3,123,994

  Medical

  $3,231,432

  Retail

  $4,859,546

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.1696

Longitude

-92.0263

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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