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403 S Buchanan

Lafayette, LA 70501
  • $1,100,000
  • STATUS: Active
  • ON SITE: 792 Days
  • MLS #: 19009878
UPDATED: 81 min ago
$1,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,500
    SQFT
  • $169
    $/SQFT
Neighborhood:
Type:
Condo
County:
Area:
G3

School Information

Elementary School:
Middle School:
High School:

Description

This is an amazing opportunity to purchase a piece of Lafayette. This property includes 3 Residential lofts and 2 income producing commercial properties. This retro-chic living and commercial space was built in a refurbished downtown warehouse, featuring 4 loft-style condominiums, and 3 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 needing corporate 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.

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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 2021-12-02T12:10:30.627.
www.keatyrealestate.com/homes/99507798
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403 S Buchanan Lafayette, LA 70501

  • Price: $1,100,000
  • Status: Active
  • On Site: 792 Days
  • Updated: 81 min ago
  • MLS #: 19009878
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,500
SQFT
$169
$/SQFT
Neighborhood:
Old Corporation
County:
Lafayette
Area:
G3
Elementary School:
Myrtle Place
Middle School:
Lafayette
High School:
Lafayette
Property Description
This is an amazing opportunity to purchase a piece of Lafayette. This property includes 3 Residential lofts and 2 income producing commercial properties. This retro-chic living and commercial space was built in a refurbished downtown warehouse, featuring 4 loft-style condominiums, and 3 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 needing corporate 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

Carport YN No Construction Materials BrickBrick Veneer Foundation Details Slab Garage YN No Parking Features Parking LotSecured Parking Total 7 Roof Tar/Gravel

Interior Features

Appliances DishwasherDisposalRefrigerator Building Area Total 6500 Cooling Central AirAc Unit(S) Cooling YN Yes Flooring Concrete Heating CentralHeat Unit(S) Heating YN Yes

Property Features

Association Fee 220 Association Fee Frequency Monthly Association YN Yes Listing Agreement Exclusive Right Listing Terms CashConventional Mineral Rights Conveyed New Construction YN No Occupant Type Tenant Property Condition 76+ Years Property Sub Type Condominium Sewer Public Sewer Water Source Public Zoning Cbd

Courtesy of Keaty Real Estate Team. Listing information © 2021 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 2021-12-02T12:10:30.627.
 
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Keaty Real Estate, LLC
350 Doucet Road, Suite B
Lafayette LA, 70503