High visibility retail or office property in SAMs shadow

Office for Sale
Also listed as Retail-Commercial, Shopping Center
Catylist Listing ID: 30190072
Property Subtypes: Executive Suites, Flex Space, Office Building
Building Size (RSF): 12,000 SF
Gross Land Area: 1.20 Acres
Sale Price: $1,680,000
Unit Price: $140 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: 100 William O Stutes
Class of Space: Class B
Usable Size (USF): 12,000 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 80
Last Updated: 7/16/2018

Overview / Comments

Beautiful office or retail building just off one of the busiest streets in the area, located between SAM's and Walmart adjacent to the SAM's parking lot. Recent tenant moved out of most of the building and currently about 6000 sq ft are available for lease or use by owner/buyer. Perfect for weddings, receptions, meetings, etc. with possible use of huge Sam's parking lot across street for overflow.

3 tenants in place with only 1 space available as of July 2018.

Visit this link for video tour and dollhouse view. https://my.matterport.com/show/?m=GdGgJw6vHVC

Very nice and attractive space is suitable for church, executive offices, dance studio, gym, fitness, theater, or retail. 4 separate suites, but no load bearing walls in the 6000 sq ft halves so easily changed to suit tenant or owner user. Current tenant will sign long term lease if desired. Current tenant is a renowned music academy with music lessons, and piano sales with most activity outside school hours. Adjacent empty spaces would be great for complimentary uses, but have been in the past a church, chiropractor, and financial services. Great visibility and accessibility. Very attractive building and landscaping of over $50,000 to duplicate. Owner will be adding tile in the exterior fountain area and will consider other tenant improvements. Currently most of the open space is concrete floors so flooring to suit, wall placement, painting is all easily done.

Current tenants occupy Suite d of about 4200 sq ft with 1800 sq ft, and Suite A of 1050 sq ft. Remainder available for lease or for owner/occupant. See the attached video tour and dollhouse view. Beautiful building with open park-like space out in front of the building with excellent visibility but quiet.

Owner will consider condo and selling 6000 sq. ft. and keeping 6000 sq ft.

Attachments & Media

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G3
Zoning: CH
Property Located Between: Walmart and Sams
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,000 SF
Construction/Siding: Aluminum Siding, Stucco
Exterior Description: Attractive stucco front on metal building
Parking Type: Surface
Parking Description: Adequate concrete parking in front and side of building. If overflow parking was needed for large function, the building as across the (seldom used) drive from SAMs parking lot.
Total Parking Spaces: 49
Sprinklers: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,473 74,353 148,663
Median Age: 35.07 34.17 34.16
Households: 4,057 30,961 59,718


The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.