Prime Commercial Land on
2513 Johnston Street Lafayette, LA 70503
2513 Johnston Street, Lafayette, LA, 70503
$1,150,000
For Sale
$1,150,000
COMMERCIAL - Lafayette, LA
Property Size3,010 SF
Lot Size1.35 Acres
Price / SF$382.06
Days on Market438
Property Features for 2513 Johnston Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CM-1 (COMMERCIA
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 6049064
- Size
- 3,010 SF
- Lot size
- 1.35 Acres
Taxes and HOA fees
- Tax Description
- SEC 47 T10S R4E (1.353 AC) (212.7X271.9X80.3.26.6X111.8X337.8) SEC 47 T10S R4E (30X150) (REDWOOD DRIVE CONT ON 57 PLAT)
Utilities
- Heating system
- Wall Furnace
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Wood
- Roof type
- Composition
Listing Agency
Scout Real Estate Co.
(337) 443-0880
617 S Buchanan Street, Lafayette, LA
Listed by
Anthony D Moroux · License #995716708
(337) 257-8133
Added: May 6, 2025 Checked: Jul 17 at 11:06 pm
MLS# 2020023587
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property offers a rare opportunity to own 1.3+/- acres of highly visible land situated along Johnston Street in Lafayette. The property includes a 3,010 square foot former residence, which has been renovated for retail or commercial use. The property's value is primarily in the land, making it ideal for redevelopment. The location benefits from high traffic and offers endless commercial potential. The zoning is CM-1 (COMMERCIA.
Key Highlights
- 1.3+/- acres of land in a high‑traffic location on Johnston St.
- Ideal for commercial redevelopment.
- 3,010 sf former residence renovated for retail or commercial use.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.7k | $18.84 |
| − Vacancy | −$4.6k | −$1.51 |
| EGI | $52.1k | $17.33 |
| − OpEx | −$15.6k | −$5.20 |
| NOI | $36.5k | $12.13 |
3,010 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%
Alternative Uses
Best Use
Retail
$521.5K
$456.3K – $608.4K
NOI $36,504 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$711.7K
$622.7K – $830.3K
NOI $49,817 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hart & Cole Consignment ...
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 1.3+/- acres of highly visible land in Lafayette.
Where is this commercial land located?
The property is located at 2513 Johnston Street Lafayette, LA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1.3+/- acres of land in a high‑traffic location on Johnston St.; Ideal for commercial redevelopment.; **3,010 sf former residence renovated for retail or commercial use.**
