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    403 S Buchanan

    Lafayette, LA 70501
    • $1,400,000
    • STATUS: Active
    • ON SITE: 355 days
    • MLS #: 19009878
    UPDATED: 34 min ago
    $1,400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,500
      SQFT
    • $215
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    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 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.

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    Licensed by the State of Louisiana, USA.
    Each Office Independently Owned & Operated.
    Robbie Breaux & Team | EXP Realty || (337) 267-4099 || 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 2020-09-21T15:11:07.583.
    www.searchhomesinlafayette.com/homes/99507798
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    403 S Buchanan Lafayette, LA 70501

    • Price: $1,400,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 19009878
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,500
    SQFT
    $215
    $/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 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.
    Exterior Features

    Construction Brick Lot Dimensions Tbd Parking LotSecurity Roof Tar/Gravel Siding Brick Total Parking Spaces 7.00

    Interior Features

    Ac Units 7.00 Appliances DishwasherDisposalRefrigerator Cooling Central Air Elevators 0 Flooring Concrete Foundation Slab Heat Units 7.00 Heating Central Heat

    Property Features

    Approx Age 76+ Years Financing CashConventional Hoa Fee 220.00 Hoa Fee Terms Monthly Hoa Fee1 Required Individual Metered Yes Lot Number 403 Mineral Rights Conveyed Multifamily Type Condominium REO No Sq Ft Source Approximate Tenant Pays Broadband/Internet AccessCable/Sat TvElectricGasSewerTrashWater Water Sewer Public SewerPublic Water Zone Cbd

    Courtesy of Keaty Real Estate Company. Listing information © 2020 REALTOR® Association of Acadiana MLS. All rights reserved.
    Licensed by the State of Louisiana, USA.
    Each Office Independently Owned & Operated.
    Robbie Breaux & Team | EXP Realty || (337) 267-4099 || 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 2020-09-21T15:11:07.583.
     
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    Robbie Breaux & Team | EXP Realty
    3 Flagg Place, Unit B4
    Lafayette LA, 70508