Retail Space with Drive-Through
For Sale
$126,900
1137 N Main Street, Opelousas, LA 70570
Commercial Sale, Opelousas, LA
Property Size842 SF
Price / SF$150.71
Days on Market1007
Property Features for 1137 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
20
Exterior features
Pole Sign
Lot features
Level
Directions
I 49 N. to Opelousas exit 19B, go west on Hwy 190 then right on N Union Street. Union will curve to the left after the Catholic Church and you will turn right on (LA 182) N Main. The building is on the left next to the Dollar Tree.
Subdivision
L2
Standard status
Active
APN
0102834500
Size
842 SF
Taxes and HOA fees
Tax Description
1 LOT (96.1X135.75) N MILLSPAUGH S W YAMBILEE COURTS E HIGHWAY
Legal Description
1 LOT (96.1X135.75) N MILLSPAUGH S W YAMBILEE COURTS E HIGHWAY
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile
Roof type
Composition
Listing Agency:
RE/MAX Excellence
(337) 678-3663
Listed By:
Toni L Effingger · License #0995680712
(337) 793-5738
Added: Jan 17, 2024
Changed: Oct 10
Last Checked: Oct 20 at 11:06AM
MLS# 24000457
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.
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Investment Insights
Based on property information with market context.
This 842-square-foot retail property in Opelousas has an open interior, cathedral ceiling, two drive-through windows, and a secure vault. It currently operates as a barber shop and was previously used as a bank substation. Tile flooring, central heating and air conditioning, and a pole sign are among its features.
The property has Commercial zoning, public water, and public sewer. A composition roof, exterior paint, and privacy fencing were completed in 2022.
The property has Commercial zoning, public water, and public sewer. A composition roof, exterior paint, and privacy fencing were completed in 2022.
Key Highlights
- 842 square feet of retail space
- Two drive‑through windows and a secure vault
- Cathedral ceiling and open interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,856
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,120
$117.1K
Cap Rate 7%
$83,657
$83.7K
Cap Rate 9%
$65,067
$65.1K
Market Conditions
NOI Build-Up for 842 SF
Gross rent
$9.1K $10.80/SF
− Vacancy
−$727 −$0.86/SF
EGI
$8.4K $9.94/SF
− OpEx
−$2.5K −$2.98/SF
NOI
$5.9K $6.96/SF
Area
St. Landry County, LA
Vacancy
8.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,120
Cap Rate 7%
$83,657
Cap Rate 9%
$65,067
Alternative Uses
Best Use
Retail
$83.7K
$73.2K – $97.6K
NOI $5,856 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$127.0K
$111.2K – $148.2K
NOI $8,892 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 70570, LA
38,746
Population
17,099
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
171.8 sq mi
ZIP Area
226
Density / Sq Mi
$45,276
Median Household Income
$33,090
Median Earnings
$764
Median Rent
$151,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned space includes a secure vault and an open interior with flexible layout.
Where is this retail space located?
The property is located at 1137 N Main Street Opelousas, LA.
What is the asking price?
The asking price for this property is $126,900.
What are key features of this property?
This property features: 842 square feet of retail space; Two drive‑through windows and a secure vault; Cathedral ceiling and open interior
