www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27260888
27260890

2209 Richard Street, Abbeville, LA 70510 For Sale

KA
2013003740
SVN | Wilson Commercial Group, LLC
JT
AL 000087782, MS 22847 (+3)
SVN Toomey Property Advisors
SVN Commercial Partners
Listed by SVN | Wilson Commercial Group, LLC, SVN Toomey Property Advisors, SVN Commercial Partners
$1,500,000
306 days on market
Updated 45 days ago

Simple Storage Lafayette MSA

Details
Property Type Industrial, Self Storage
Square Footage 22,420
Units 114
Cap Rate 6.50%
Pro-Forma NOI $98,432
Price per SqFt $67
Broker Co-Op Yes
Acreage 1.680

NEW CONSTRUCTION CLIMATE CONTROL

Marketing description

SVN and SelfStorageSales.com are pleased to offer for sale Simple Storage in the Lafayette MSA. Lafayette is the fastest growing area in Louisiana. The facility is located in the Heart of the Abbeville retail area- just behind Walgreens and next door to a nursing home and apartment complex! The property is fully fenced, set up on a remote management system and has a manual gate.

This is a value-add self-storage facility featuring 22,100 SF which is 12,400 SF of non-climate storage, a brand new 8,200 SF warehouse conversion featuring 67 Climate controlled units, plus a 1,500 SF 3 bedroom apartment.

There is a low saturation rate of 6.7 SF/Capita for Self-Storage within a 5-Mile Radius. With the prime location and the conversion opportunity, this property has great potential!

Abbeville is the county seat of Vermillion Parish and is located just 150 miles west of New Orleans and 60 miles southwest of Baton Rouge. The Lafayette MSA is the fast growing area in Louisiana with almost 500,000 people.

Abbeville remains a destination for oyster lovers who satisfy their cravings at a cluster of modern mollusk emporiums. The city's French heritage runs deeper still, beginning with its founder, the Catholic missionary Père Antoine Désiré Mégret, who in 1843 named Abbeville for his hometown in France.

Abbeville is an agricultural trade and processing center for rice, sugarcane, dairy products, locally sold corn, cotton, and seafood, in particular crawfish, alligator, and crab. The oil and natural gas fields off the coast in the Gulf of Mexico are serviced by companies throughout the region including Abbeville. Chemical products and consumer goods are manufactured locally. A related tourist attraction is a large open-kettle sugarcane syrup mill.

Investment highlights

  • Fenced and Gated with 3rd party management in place
  • Located just off Veterans Memorial Drive with 17,000 cars/day
  • 15,000 people in a 3 mile radius
  • 8200 warehouse conversion to 67 Climate Controlled Self Storage units!

Listing Contacts

KA
2013003740
SVN | Wilson Commercial Group, LLC
JT
AL 000087782, MS 22847 (+3)
SVN Toomey Property Advisors
SVN Commercial Partners
Listed by SVN | Wilson Commercial Group, LLC, SVN Toomey Property Advisors, SVN Commercial Partners

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591