403 S Buchanan

    Lafayette, LA 70501
    • $1,500,000
    • STATUS: Active
    • ON SITE: 449 days
    • MLS #: 17009345
    $1,500,000
    • 0
      BEDS
    • 0 - 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,500
      SQFT
    • $231
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:
    G3

    School Ratings & Info

    Description

    This is an amazing opportunity to purchase a piece of Lafayette. This property includes 5 Residential lofts and 2 income producing commercial properties. This retro-chic living and commercial space was built in a refurbished downtown warehouse, featuring 5 loft-style condominiums, and 2 commercial retail spaces with approximately 1600 and 2500 sqft of leasable retail space. Located at 403 Buchanan St. Each space is unique in its floor plan and style, creating spaces as unique as the individuals who will own them. There has never been an offering like this before in Lafayette and this sale is expected to change the course and face of the future in the Hub City. The Buchanan Lofts are the perfect space for anyone looking for modern, contemporary living, law firms needingcorporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return.

    Monthly Payment Calculator

    Licensed by the State of Louisiana, USA.
    Each Office Independently Owned & Operated.
    Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA

    The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2018-12-13T00:11:10.2.
    www.keatyrealestate.com/homes/76875721

    403 S Buchanan Lafayette, LA 70501

    • Price: $1,500,000
    • Status: Active
    • MLS #: 17009345
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0 - 0.5
    Acres
    6,500
    SQFT
    $231
    $/SQFT
    Neighborhood:
    Old Corporation
    County:
    Lafayette
    Area:
    G3
    Property Description
    This is an amazing opportunity to purchase a piece of Lafayette. This property includes 5 Residential lofts and 2 income producing commercial properties. This retro-chic living and commercial space was built in a refurbished downtown warehouse, featuring 5 loft-style condominiums, and 2 commercial retail spaces with approximately 1600 and 2500 sqft of leasable retail space. Located at 403 Buchanan St. Each space is unique in its floor plan and style, creating spaces as unique as the individuals who will own them. There has never been an offering like this before in Lafayette and this sale is expected to change the course and face of the future in the Hub City. The Buchanan Lofts are the perfect space for anyone looking for modern, contemporary living, law firms needingcorporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return.
    Exterior Features

    Construction Brick Exterior Features None Parking AsphaltLotStreet Road Frontage Public Street Roof Tar/Gravel

    Interior Features

    Cooling Ceiling FansCentral Air Flooring Concrete Foundation Slab Heating Central Heat Sq Ft Office 0.00 Sq Ft Retail 6500.00 Sq Ft Warehouse 0.00

    Property Features

    Approx Age Unknown Commercial Type Hotel/MotelOfficeRetail Electricity 220 Volts Est Bldg Ins Tbd Features Fire SprinklersLiving Space Available Financing CashConventional For Lease No For Sale Yes Gas Available Lease Purchase No Location Downtown Mineral Rights Reserved Price Includes Real Estate Sq Ft Source Approximate Water Sewer Public SewerPublic Water Zone Cbd

    Courtesy of Keaty Real Estate Company. Listing information © 2018 REALTOR® Association of Acadiana MLS. All rights reserved.
    Licensed by the State of Louisiana, USA.
    Each Office Independently Owned & Operated.
    Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA

    The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2018-12-13T00:11:10.2.
     
    Keaty Real Estate, LLC
    350 Doucet Road, Suite B
    Lafayette LA, 70503