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Prime Land on Johnston Street

2513 Johnston St Lafayette, LA 70503

2513 Johnston St, Lafayette, LA, 70503

$1,150,000

For Sale

$1,150,000

1.3+/- acres of land ideal for redevelopment.

Property Size3,010 SF

Lot Size1.35 Acres

Price / SF$382.06

AddedMay 6, 2025

Days on Market436

Last RefreshJun 29 at 2:19 am

Property Features for 2513 Johnston St

General Information

Standard status: Active
Size: 3,010 SF
Lot size: 1.35 Acres

Listing office Scout Real Estate Co.

Listing date May 6, 2025

Source Exprealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Scout Real Estate Co.

Investment Insights

Based on property information with market context.

This property presents a rare opportunity to acquire approximately 1.3 acres of highly visible land situated along Johnston Street in Lafayette. The site includes a 3,010 square foot structure, previously a residence, that has been renovated for potential retail or commercial applications. The primary value of this property is the land itself, which is suitable for redevelopment. The location benefits from high traffic volume and offers various commercial possibilities.

Key Highlights

1.3+/- acres of highly visible land in the heart of Lafayette.
Ideal for redevelopment in one of Lafayette's busiest corridors.
High‑traffic location with endless commercial potentials.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

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

Suggested Use

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For sale
Commercial land
LA
Lafayette
70503
2513 Johnston St

What type of property is this?

Commercial land - 1.3+/- acres of land ideal for redevelopment.

Where is this commercial land located?

The property is located at 2513 Johnston St 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 highly visible land in the heart of Lafayette.; Ideal for redevelopment in one of Lafayette's busiest corridors.; High‑traffic location with endless commercial potentials.