Auto Shop with Two Bay
For Sale
$250,000
Pending
2301 Johnston St, Lafayette, LA 70503
CH-zoned facility includes office, workshop, storage, and vehicle-access bays.
Property Size1,467 SF
Days on Market350
Property Features for 2301 Johnston St
General Information
Standard status
Pending
Size
1,467 SF
Property subtype
Other
Zoning
CH
Additional Details
Road Access
Yes
Drive-In Doors
2
Amenities
lobby/office area
workshop
bay doors
storage space
billboard
Building Details
Buildings
1
Listing Agency:
Compass Lafayette
Listed By:
Stefanie Kellner · License #0995685223
(337) 233-9541
Source:
Lacdb.resimplifi
Added: Oct 29, 2025
Changed: Sep 13
Last Checked: Oct 12 at 4:43PM
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 Compass Lafayette
Investment Insights
Based on property information with market context.
This auto shop at 2301 Johnston St in Lafayette is arranged with a customer-facing lobby and office area, a workshop, storage space, and two large bay doors for vehicle access. The existing configuration can support automotive operations or be adapted through renovation for another commercial use.
The property is positioned on Johnston Street with proximity to Downtown Lafayette and the University of Louisiana at Lafayette. It is zoned CH. The site previously operated as a gas station; the original owner removed the tanks, and an environmental study was completed by LDEQ in 2013 and recorded with the Lafayette Parish Clerk of Court.
The property is positioned on Johnston Street with proximity to Downtown Lafayette and the University of Louisiana at Lafayette. It is zoned CH. The site previously operated as a gas station; the original owner removed the tanks, and an environmental study was completed by LDEQ in 2013 and recorded with the Lafayette Parish Clerk of Court.
Key Highlights
- Auto shop configuration with lobby, office, workshop, and storage
- Two large bay doors provide vehicle and inventory access
- CH zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,791
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,820
$355.8K
Cap Rate 7%
$254,157
$254.2K
Cap Rate 9%
$197,678
$197.7K
Market Conditions
NOI Build-Up for 1,467 SF
Gross rent
$27.6K $18.84/SF
− Vacancy
−$2.2K −$1.51/SF
EGI
$25.4K $17.33/SF
− OpEx
−$7.6K −$5.20/SF
NOI
$17.8K $12.13/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,820
Cap Rate 7%
$254,157
Cap Rate 9%
$197,678
Alternative Uses
Best Use
Retail
$254.2K
$222.4K – $296.5K
NOI $17,791 @ 7.0% cap · market cap 7.12%
Second Best
Industrial
$98.9K
$86.5K – $115.4K
NOI $6,921 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$346.8K
$303.5K – $404.7K
NOI $24,279 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Brakes For Less — 1351 W Pinhook Rd, Lafayette, LA 70503
- Dave's Car Care Center — 1400 W Pinhook Rd, Lafayette, LA 70503
- Express Oil Change & Tire Engineers — 2964 Johnston St, Lafayette, LA 70503
- Fournet's Winnwood Chevron — 2932 Johnston St, Lafayette, LA 70503
- Goodyear Auto Service — 2802 Johnston St, Lafayette, LA 70503
Frequently Asked Questions
What type of property is this?
Auto shop - CH-zoned facility includes office, workshop, storage, and vehicle-access bays.
Where is this auto shop located?
The property is located at 2301 Johnston St Lafayette, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Auto shop configuration with lobby, office, workshop, and storage; Two large bay doors provide vehicle and inventory access; CH zoning
