$1,250,000
Active
1 Day Online
0 Beds0 Baths5,380 SQFT
Active

1011 Lee Avenue Lafayette, LA 70501

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Discover the potential of downtown Lafayette w/ this prime commercial property at 1011 Lee Avenue. Located in the heart of the Central Business District, this property offers a significant land footprint of approximately 19, 894 sqft & is situated within an Opportunity Zone & Zone D 'Downtown District.' This zoning allows for the highest density & intensity of development in the city, making it ideal for a wide range of projects, including residential, multi-family, retail, hospitality, & commercial uses.Featuring three distinct structures, each w/ unique potential. The centerpiece is the historical office/home at 1011 Lee Avenue, built in 1880. This building combines historical charm w/ modern functionality, offering 3, 038 sqft of adaptable space across two floors. Inside, you'll find five private offices, additional flex spaces, a central dining/conference room, a full kitchen, & three bathrooms. It's perfect for businesses seeking a distinctive setting, such as legal firms, wellness spas, or even a fine dining restaurant.At the rear of the property, there's an 887 sqft Carriage House currently used as a long-term rental, featuring 2 bedrooms & 1 bath. Additionally, the property includes another long-term rental home at 1015 Lee Avenue, offering 2 bedrooms & 1 bath across 1, 455 sqft of living space. This ensemble presents a multifaceted investment opportunity, ready to cater to various commercial uses while providing immediate income potential through existing rental units.Located just moments from city, parish, & federal courthouses, & within walking distance to the vibrant downtown district, the property is a beacon of opportunity for those looking to invest in Lafayette's future. Whether you're envisioning a bustling retail space, a high-density residential development, or a unique office setting, this property offers the perfect foundation for your vision. Explore the endless possibilities at 1011 Lee Avenue! crown jewel is the historical office/home at 1011 Lee Avenue, an 1880 build that marries historical charm with modern functionality, offering 3038 sqft of adaptable space across two floors, including five private offices, additional flex spaces, a central dining/conference room, a full kitchen, and three bathrooms. This space is ideal for businesses seeking a distinctive setting, from legal firms, wellness spas or even a fine dinning Resturant. Additionally, at the rear of the property is the 2 bedroom, 1 bath, 887 sqft Carriage House that currently utilized as a long-term rental, and there is an additional long-term rental home at 1015 Lee Avenue, featuring 2 bedrooms and 1 bath with 1455 sqft living space. This ensemble presents a multifaceted investment opportunity, ready to cater to a variety of commercial uses while offering immediate income potential through existing rental units. Situated moments from the city, parish, and federal courthouses, and within walking distance to the vibrant downtown district, 1011 Lee Avenue stands as a beacon of opportunity for those looking to invest in Lafayette's future. Whether you envision a bustling retail space, a high-density residential development, or a unique office setting, this property offers the foundation for your vision to become a reality. Explore the endless possibilities at 1011 Lee Avenue and make your mark in the thriving heart of Lafayette.

  • Property TypeCommercial
  • NeighborhoodMouton Addition
  • CountyLafayette
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site0 Days
  • MLS StatusActive
  • MLS ID Number24002130
  • Home Size Source N/A
  • Year BuiltN/A
  • Lot Size19895 Acres
  • Full BathsN/A
  • Partial BathsN/A

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Recent Activity For 1011 Lee Avenue Lafayette, LA 70501

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General Features

  • Available on 2024-03-07
  • Construction Frame
  • Building Features Employee LoungeLiving Space Available
  • Parking On SiteOn StreetRear Parking
  • Sewer Public Sewer
  • Electric 150 Amp Service
  • Number of Stories 2
  • Acreage 19895
  • Water Public
  • Security Security SystemSmoke Detector(s)
  • Property Sub Type Hotel- Motel
  • Foundation Brick/ Mortar
  • Zoning CBD

Interior Features

  • Cooling Central Air
  • Heating CentralNatural Gas
  • Flooring Vinyl TileWood

Exterior Features

  • Roof Composition
  • Fencing Partial
  • Exterior Storage
  • Lot Interior LotCity LotFreestandingHistoric Area

Community Features

  • MLS Area G3
  • Security Features Security SystemSmoke Detector(s)
  • Building Features Employee LoungeLiving Space Available

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Monthly Payment (Est.)

$6,073
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