Trappey Riverfront District - A Rare Investment Opportunity 501 Guidry Street is an 8.24-acre property on the Vermilion River in Lafayette, Louisiana, offering approximately 134,800 square feet of industrial distribution space. Located near I-10 on I-49, this site provides excellent access to Louisiana's major transport routes, making it ideal for both current use and future development. Current Revenue Potential The property includes 60,000 square feet ready for immediate occupancy with eight loading docks and a leasing rate of $3.60 per square foot. An additional 74,800 square feet require improvements, offering significant value-add potential for investors. Transformative Development OpportunityBeyond its current industrial use, 501 Guidry Street is positioned for a visionary riverfront development designed by world-class architects. Located within the Trappey Economic Development District (EDD) and designated as a National Historic Property, this site is eligible for up to 45% in tax credits for renovations. The EDD also provides a 2-cent retail sales tax to fund infrastructure and community improvements, enhancing long-term investment value. Strategic Location and Connectivity The property is adjacent to key Lafayette assets, including Vermilionville Cultural Park, Bever Park, the University of Louisiana, and Lafayette Regional Airport. Its location and accessibility make it a focal point for cultural, recreational, and economic development in the Hub City. Flexible Acquisition Options Offered at $3,500,000, the property is available for purchase or partnership. Investors can leverage the current revenue-generating industrial infrastructure or collaborate with the current owners to complete a transformative development redefining Lafayette's riverfront. This is a rare opportunity to invest in or partner on a project with immense potential and return on investment. Contact your agent today to explore how you can be part of this unique opportunity.