Automotive Shop with Bay
For Sale
$450,000
401 Eighth Street, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
Property Size3,700 SF
Lot Size0.29 Acres
Price / SF$121.62
Days on Market917
Property Features for 401 Eighth Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH (Com Heavy)
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
16
Parking features
Parking Lot, Off Street, Garage
Security features
Security System
Exterior features
OH Door 16 - 20 Ft, Partially Fenced, Pole Sign
Fencing
Partial
Subdivision
Mccomb Addition
Lot features
Additional Land Avail, Level
Directions
From the Airport take Highway 90 North towards i-10. After Johnston Street it will be at the corner of the first street (Eighth Street) on the right.
Standard status
Active
APN
6149916
Size
3,700 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
PARCEL I MCCOMB ADDITION (0.182 AC) PARCEL II MCCOMB ADDITION (0.112 AC) (2013-9882) (FKA P LOTS 7 8 9 10 BLK 35 MC
Legal Description
PARCEL I MCCOMB ADDITION (0.182 AC) PARCEL II MCCOMB ADDITION (0.112 AC) (2013-9882) (FKA P LOTS 7 8 9 10 BLK 35 MC
Utilities
Heating system
Wall Furnace
Cooling system
Window Unit(s)
Water source
Public
Amenities
office
bathroom
storage room
warehouse
Building Details
Floors in Building
2
Flooring type
Concrete, Vinyl
Roof type
Metal
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Tyler Albrecht · License #0995697749
(337) 780-9698
Added: Jan 27, 2024
Changed: Jul 31
Last Checked: Aug 1 at 12:06PM
MLS# 24000803
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.
Automotive shop property including a main building and a separate white building, designed to support muffler and tire service operations. The main building is 70 by 30 feet (2,100 square feet) and includes five spacious bay doors, plus a 200-square-foot office with a bathroom and a 100-square-foot storage room. A second 40 by 40-foot (1,600 square feet) white building is included as well, with half of the space used as an office and the other half as a warehouse.
The property sits on a 0.29-acre lot with a partially fenced perimeter. Exterior features include a pole sign and an overhead (OH) door sized 16–20 feet. Parking is provided via a parking lot with off-street spaces and a garage. Public water service is available, and the building has a metal roof.
Interior finishes include concrete and vinyl flooring, with a wall furnace for heating and window unit(s) for cooling.
The property sits on a 0.29-acre lot with a partially fenced perimeter. Exterior features include a pole sign and an overhead (OH) door sized 16–20 feet. Parking is provided via a parking lot with off-street spaces and a garage. Public water service is available, and the building has a metal roof.
Interior finishes include concrete and vinyl flooring, with a wall furnace for heating and window unit(s) for cooling.
Key Highlights
- 0.29‑acre lot with partially fenced perimeter
- Main building: 70 by 30 feet (2,100 SF) with five bay doors
- 200‑square‑foot office with bathroom in main building
Financial Insights For Industrial
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 | $26.2k | $7.08 |
| − Vacancy | −$1.3k | −$0.34 |
| EGI | $24.9k | $6.74 |
| − OpEx | −$7.5k | −$2.02 |
| NOI | $17.5k | $4.72 |
3,700 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$641.0K
$560.9K – $747.9K
NOI $44,872 @ 7.0% cap · market cap 9.97%
Second Best
Industrial
$249.4K
$218.2K – $291.0K
NOI $17,457 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$874.8K
$765.5K – $1.02M
NOI $61,236 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Allstar Mobile Mechanics — 1211 Johnston St, Lafayette, LA 70506
- Joe's Upholstery — 1500 Jefferson St, Lafayette, LA 70501
- Wipe Out — 613 E Convent St, Lafayette, LA 70501
- Jazz Auto Glass — 1711 Jefferson St A, Lafayette, LA 70501
- Cajuns Auto Interior, LLC — 619 e convent st, lafayette, la 70501
Frequently Asked Questions
What type of property is this?
Auto shop - Zoned CH (Com Heavy) automotive shop with multiple bay doors and a partially fenced yard.
Where is this auto shop located?
The property is located at 401 Eighth Street Lafayette, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 0.29‑acre lot with partially fenced perimeter; Main building: 70 by 30 feet (2,100 SF) with five bay doors; 200‑square‑foot office with bathroom in main building
