403 S Buchanan , Lafayette, LA 70501 | Lafayette Home For Sale and Real Estate

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More about 403 S Buchanan , Lafayette, LA 70501

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.

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Property Details
Price
$1,500,000
Area No
G3
Sq.Ft
6500
Total Sq.Ft
6500
County
Lafayette
Property Type
Commercial
Approx Age
Unknown
Heating
Central Heat
Cooling
Central Air, Ceiling Fans
Exterior Features
None,
Parking
Asphalt, Lot, Street
Area
G3


Living Area includes any square footage under the air conditioning. In these calculations, it is the gross house area, inclusive of walls. The Total Area will include porches, garages, balconies, etc..

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Courtesy Of Keaty Real Estate Company

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Latter & Blum Inc./Realtors®, CJ Brown Realtors®, Van Eaton & Romero Realtors® and Noles-Frye Realty® are licensed real estate brokerage firms in Louisiana and Mississippi.

Noles Frye Realty offices are located at 4615 Parliament Drive Alexandria, LA 71303 (318) 445-7653 and 427 North Pine St, Suite C Deridder, Louisiana 70634 337-202-1901, Contact Us

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