1220 N University Avenue, Lafayette, LA 70506
$265,000
Property Type:
Comm Bldg Sale/Lease
Square Footage:
3,116
Lot Size (sq. ft.):
15,246
Status:
Pending
Current Price:
$265,000
List Date:
8/22/2025
Last Modified:
9/22/2025
Description
This unique property offers both residential and business potential. The first is a 3-bedroom, 2-bath home with 1,434 sq. ft. of living space, previously used as a rental. It includes a spacious laundry room, inviting patio, and covered carport. The second structure operates as a used car lot and includes a 200 sq. ft. office, two garage bays—one equipped with a quality vehicle lift—and plenty of functional workspace. Located on high-traffic University Ave., with an estimated 29,000 vehicles passing daily, this property is perfect for an investor or business owner seeking visibility and flexibility. A rare opportunity with excellent potential!
Supplements: ********
More Information MLS# 2500002660
Listing Info
Delayed Marketing: No
For Sale: Yes
For Lease: No
List Price/SqFt: 85.04
Date Available: 2025-09-05
Document Modified: 2025-08-22 11:09:47.483728
Status: Pending
Listing Date: 2025-08-22
Listing Price: 265000
Current Price: $265,000
Modification Timestamp: 2025-09-22T18:56:00Z
Photo Modified: 2025-08-22T16:09:47Z
Location, Tax & Legal Info
Flood Zone: X
Legal Desc: LOTS 60-61-62 GREEN LAWN SUB TR 1 SEC 23 T9S R4E (88.7X133.7X75X86.3)(52-281857)
Location
Freestanding: 1
General Property Description
Approximate Age: 41 - 50 Years
Condition: Average
Lot Dimensions: (88.7X133.7X75X86.3)
SqFt - Total: 3116
SqFt - Source: Approximate
Mineral Rights: Conveyed
Acreage Range: 0 - 0.5
SqFt - Retail: 0
SqFt - Office: 200
SqFt - Warehouse: 0
# Offices: 1
Acres: 0.35
Sale/Lease Info
Lease Purchase: No
Est Bldg Ins: 0
Remarks & Misc
Remarks: This unique property offers both residential and business potential. The first is a 3-bedroom, 2-bath home with 1,434 sq. ft. of living space, previously used as a rental. It includes a spacious laundry room, inviting patio, and covered carport. The second structure operates as a used car lot and includes a 200 sq. ft. office, two garage bays—one equipped with a quality vehicle lift—and plenty of functional workspace. Located on high-traffic University Ave., with an estimated 29,000 vehicles passing daily, this property is perfect for an investor or business owner seeking visibility and flexibility. A rare opportunity with excellent potential!
Office/Member/Contract Info
List AOR: RAA
Property Type
Other: 1
Price Includes
Real Estate: 1
Parking
Concrete: 1
Covered: 1
On Site: 1
Parking Lot: 1
Rear Parking: 1
Road Frontage
Paved: 1
Public Street: 1
Construction
Block: 1
Brick: 1
Concrete: 1
Frame: 1
Features
Employee Lounge: 1
Living Space Available: 1
Foundation
Pilings: 1
Slab: 1
Lot Description
Corner: 1
Level: 1
Exterior
Door Sign: 1
OH Door 10 - 15 Ft: 1
Outside Storage: 1
Partially Fenced: 1
Pole Sign: 1
Roof
Composition: 1
Rubber: 1
Tar/Gravel: 1
Heating
Central: 1
Electric: 1
Cooling
Central Air: 1
Window Units: 1
Gas
individual Meter: 1
On Property: 1
Flooring
Concrete: 1
Vinyl Tile: 1
Wood: 1
Other: 1
Electricity
Other: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Water Company: city
Documents
Legal Description: 1
Financing
1031 Exchange: 1
Cash: 1
Conventional: 1
Documents List
Flood Determination Disclosure: 1
Originating Details
Originating System ID: M00000300
Originating System Key: 20250819180636786077
Originating System Listing ID: 2500002660
Originating System Name: RAA Flex
Location Tax Legal Info
Street Number: 1220
Dir: N
Street Name: University
St Suffix: Avenue
Parish: Lafayette
State: LA
Zip Code: 70506
Subdivision: Greenlawn
Area: D
Tax Assessment Number: 6013928
Zone: Commercial Heav
Directions: Head North on LA 182 (W University Ave), cross over Cameron Street to N University Ave. Go past W Willow Street and property is on the right on the corner of N University Ave and Windmill Lane.
Status Change Info
Under Contract Date: 2025-09-20
Property Features
Property Type: Other
Location: Freestanding
Road Frontage: Paved; Public Street
Features: Employee Lounge; Living Space Available
Exterior: Door Sign; OH Door 10 - 15 Ft; Outside Storage; Partially Fenced; Pole Sign
Heating: Central
Cooling: Central Air; Window Units
Gas: individual Meter; On Property
Electricity: Other
Sewer: Public Sewer
Water Source: Public
Construction: Block; Brick; Concrete; Frame
Roof: Composition; Rubber; Tar/Gravel
Flooring: Concrete; Vinyl Tile; Wood; Other
Documents: Legal Description
Lot Description: Corner; Level
Parking: Concrete; Covered; On Site; Parking Lot; Rear Parking
Foundation: Pilings; Slab
Financing: 1031 Exchange; Cash; Conventional
Price Includes: Real Estate
Documents List: Flood Determination Disclosure
Documents
Flood Determination Disclosure ›Listing Office: EXP Realty, LLC
Last Updated: September - 22 - 2025
Broker Attribution:
337-522-7554
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.