1604 University AveLafayette, LA 70506

Property Details for 1604 University Ave

Year built

1860

Lot size

1.29 AC

Property type

Motels

APN

6066508

APU

6066508

Description

This 1,524 square foot commercial property, located at 1604 W University Avenue in Lafayette, Louisiana, presents a unique opportunity for diverse business ventures. Zoned for both commercial and manufacturing uses, this adaptable space offers significant potential. The building features five generously sized rooms, ideal for offices or other uses, and includes two bathrooms, one of which is handicap accessible. High ceilings (10 feet) and attractive wood and laminate flooring enhance the interior. The property's convenient location offers easy access to downtown Lafayette, making it an attractive option for businesses seeking a central location. Additional features include a handicap-accessible ramp and ample parking in the rear of the building. The asking price for this versatile property is $162,000. The property is situated in Lafayette Parish, Louisiana, with a zip code of 70506. This property is listed as Office, Industrial, and Land. The property is suitable for a variety of uses, including professional office space.

• CAP approach

  CAP return

  Valuation

  6%

  $8,745,763

  6.5%

  $8,073,012

  7%

  $7,496,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,941,792

  Geo Method

  $39,534,808

• Alternative Use

  Use

  Valuation

  Residential

  $8,813,383

  Hospitality

  $8,073,012

  Educational

  $6,716,651

  Medical

  $6,947,647

  Retail

  $10,448,124

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.2504

Longitude

-92.0343

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].