Freetown Multi-Tenant Office Warehouse with 2 Apartments.

Office for Sale
Catylist Listing ID: 30537274
Property Subtypes: Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 10,000 SF
Gross Land Area: 0.37 Acres
Sale Price: $365,000
Unit Price: $36.50 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Class of Space: Class E
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/24/2021

Overview / Comments

Unique Freetown multi-tenant office-warehouse. Owner occupies approximately 50% and rents multiple offices, multiple self-storage warehouse units and 2 residential apartments. NOI for 2018 was $60,845 and 2019 YTD (JAN-NOV) is $54,826 (including owner's rent). Great for owner occupant with opportunity for rental income or current owner will consider staying.

Office is wood/brick construction while the warehouse if wood frame, wood trusses with metal siding & roof. Warehouse sprinkled, Extensive recent roof repairs and interior build-out improvements have been made.

Located in Freetown neighborhood in close proximity to UL Campus, Airport, Downtown, The Oil Center, Lafayette General Hospital... within .5 miles of Evangeline Thruway and 3.5 miles of I-10.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G2
Taxing Authority: Lafayette
Tax ID/APN: 6030367
Zoning: CH - COMMERCIAL HEAVY
Property Visibility: Fair
Area Description: Freetown
Total Number of Buildings: 1
Roof Type: Gable
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: IL - Light Industrial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lots 1&2 Marion Add

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,572 71,317 144,400
Median Age: 30.25 34.89 34.61
Households: 4,615 29,328 58,714

Contact

Photograph of Listing Agent

Tim Skinner

Scout Real Estate Company Lafayette, LA 70508
LACDB Member
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