ID 03b89b59
315 S College Rd
For Sale
$8,000,000$144.09/SF
- Cap Rate
- 6.5%
- Building Size
- 55,519 SF
- Lot Size
- 2.602 ac
- Parish
- Lafayette
- DOM
- 5
- Listed
- 11/09/2026
- Updated
- 11/13/2026

Overview
Welcome to Stately Plaza, Midtown Lafayette’s premier office destination and an exceptional opportunity to acquire a beautifully updated, income-producing commercial property in one of Lafayette’s most desirable business locations.
Featuring fully updated interior and exterior finishes and approximately 98% occupancy, Stately Plaza offers investors an attractive combination of established tenancy, strong occupancy, and turnkey property condition. With substantial improvements already completed, a new owner can step into a well-maintained, nearly fully occupied asset without the immediate capital improvement demands often associated with commercial real estate acquisitions.
Strategically positioned in the heart of Midtown Lafayette, Stately Plaza provides an ideal setting for a thriving community of professionals and businesses. The property features impressive entryways and common areas, a functional floor plate with elevator access, restrooms, a breakroom, a mailroom, and a centrally located on-site gym surrounded by office suites. The efficient layout also offers tenants flexibility and the opportunity to expand within the building as their businesses grow.
Beyond the property itself, Stately Plaza benefits from an outstanding Midtown location with convenient access to the amenities that make Lafayette an attractive place to live and work. Within approximately five minutes, tenants can access churches, daycares, fitness centers, tennis and pickleball courts, golf courses, Moncus Park's 100-acre recreational setting, numerous restaurants, major medical facilities and hospitals, the post office, print shops, and Lafayette Regional Airport.
For investors seeking a quality commercial asset, Stately Plaza presents an especially attractive opportunity for a 1031 exchange, offering the potential to transition exchange proceeds into a substantially updated, nearly fully occupied office property in an established Lafayette market.
Stately Plaza combines location, condition, occupancy, and long-term investment appeal in one exceptional commercial offering.
Highlights
Midtown Lafayette’s premier office building with a community of high‑impact professionals
Like‑new condition with a polished, first‑class impression for clients and employees
Highly accessible location—easy for anyone in the region to reach
Functional, growth‑friendly floor plate with offices surrounding central amenities
Elevator‑served building with modern restrooms, breakroom, mailroom, and on‑site gym
Surrounded by Midtown amenities that support productivity and quality of life
Within 5 minutes of:
Moncus Park (100 acres of trails and recreation)
Gyms, tennis courts, pickleball courts, golf courses
Daycares, churches, restaurants
Major hospital and medical services
Post office and print shops
Lafayette Regional Airport
Additional Information
- City
- Lafayette
- County
- Lafayette Parish
- State
- LA
- Zip Code
- 70503
- Latitude
- 30.2047668
- Longitude
- -92.0338729
- Zoning
- MN-1
- Zoning Desc.
- Mixed Use Neighborhood 1
- NOI
- $520,000
- Building Name
- Stately Plaza
- Building Class
- A
- Floors
- 2
- Nearest MSA
- Lafayette
- Property Use Type
- Investment
- Property Status
- Existing
- Vehicles Per Day
- 32,965 VPD
- Avg. Occupancy
- 98%
- Nearest Interstate
- Interstate 10 - 3.6 mi
- Nearest Hwy
- U.S. Highway 167 - 0.4 mi
- Nearest Airport
- Lafayette Regional Airport - 3.8 mi
- Power Provider
- City - LUS
- Water Provider
- City - LUS
- Sewer Provider
- City - LUS
- Fiber Optic Provider
- City - LUS Fiber
- Parcel APN
- 6054524
- Listing ID
- 03b89b59
- City
- Lafayette
- County
- Lafayette Parish
- State
- LA
- Zip Code
- 70503
- Latitude
- 30.2047668
- Longitude
- -92.0338729
- Zoning
- MN-1
- Zoning Desc.
- Mixed Use Neighborhood 1
- NOI
- $520,000
- Building Name
- Stately Plaza
- Building Class
- A
- Floors
- 2
- Nearest MSA
- Lafayette
- Property Use Type
- Investment
- Property Status
- Existing
- Vehicles Per Day
- 32,965 VPD
- Avg. Occupancy
- 98%
- Nearest Interstate
- Interstate 10 - 3.6 mi
- Nearest Hwy
- U.S. Highway 167 - 0.4 mi
- Nearest Airport
- Lafayette Regional Airport - 3.8 mi
- Power Provider
- City - LUS
- Water Provider
- City - LUS
- Sewer Provider
- City - LUS
- Fiber Optic Provider
- City - LUS Fiber
- Parcel APN
- 6054524
- Listing ID
- 03b89b59
