CENTURY 21 Action Alert

403 S Buchanan, Lafayette, LA 70501 — Price: $1,500,000

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Commercial
Square Feet 6,500
MLS Number: 17009345


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 Community Information:
What's Nearby
Nearby Schools
Nearby Sold Listings
Community Stats

Directions


Jefferson Street towards Grant street take left on Garfield to left on Buchanan property on left at corner of Buchanan and Garfield. Entrance is to the right of Refinery.

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 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.

Features:


Heating/Cooling Ceiling fan(s)
Central air
Central heat
Garage On street parking
Exterior Brick exterior
Lot Subdivision: Old Corporation
Lot zoned: CBD
Interior Concrete floors
Roofing Tar and gravel roof
Basement Slab Foundation
Utilities Public sewer
Public water
Construction Total square feet: 6500.00
Other For sale


Mortgage Payments


The approximate monthly Principal & Interest payment for this property would be $7,220.27.
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Courtesy of:


Keaty Real Estate Company



© 2017 REALTOR® Association of Acadiana MLS. All rights reserved. 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. Real estate listings held by brokerage firms other than CENTURY 21 Action Realty are marked with the MLS approved icon for IDX (a little black house).