Unlock the potential of DOWNTOWN Lafayette with this prime commercial land offering at 1011 Lee Avenue. Located in the heart of the Central Business District, this property not only offers a significant land footprint of approximately 19,894 sqft but also benefits from its designation within an Opportunity Zone and the Zone D ''Downtown District''. This zoning allows for the highest density and intensity of development in the city and parish, ensuring that the unique character and function of the area are preserved. With allowance for a wide array of development projects, including Residential, Multi-Family, Retail, Hospitality, and Commercial uses, the creative development opportunities of this property are vast. The lot hosts three structures, each with its own unique potential. The 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.
| Date | Price |
|---|---|
| -- | New Value: $1,900,000 |
| 3/6/2024 1:53:00 PM | New Value: $1,900,000 |