Oil Center Office Building for Sale

Office for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30807869
Property Subtypes: Office Building, Other
Building Size (RSF): 16,906 SF
Sale Price: $2,200,000
Unit Price: $130.13 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 3/21/2023

Overview / Comments

Purchase opportunity for the first time in 30 years. Convenient to the rapidly expanding Ochsner Lafayette General, University of Louisiana at Lafayette, Downtown and Hwy 90. Surrounded by many restaurants, retail and medical/professional offices.

Highly visible 16,906 SF office building located in the heart of the Oil Center, on the corner of Heymann Blvd and Travis Street. Property features mid-century modern architecture with multiple entrances, allowing various businesses to operate with complete privacy under one roof. Situated in Flood Zone X.

Building is owner-occupied with leases in place on unused portion, giving new owner flexibility on occupying as much space as needed and/or retaining current leases for investment. Possibility for the current owner to stay in and lease back for +/-12 months until relocation.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G2
Tax ID/APN: 6084987
Zoning: CM-1 (COMMERCIAL MIXED 1)
Property Visibility: Excellent
Highway Access: Hwy 90
Total Number of Buildings: 1
Number of Stories: 2
Parking Type: Surface
Parking Description: Common parking; first come, first serve
Total Parking Spaces: 30
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: CM-1 (COMMERCIAL MIXED 1)
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PAR OF GRO (201.88X142.40X105X 65.05X114.45) AT INTERSECTION OF HEYMANN BLVD & TRAVIS ST SEC 44 T10S R4E

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,183 76,003 146,613
Median Age: 30.85 34.68 34.74
Households: 4,040 31,591 59,408

Contact

Photograph of Listing Agent

Diana L Stephens

Scout Real Estate Company Lafayette, LA 70508
LACDB Member
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