Two-Bay Auto
For Sale
$250,000
Pending
2301 Johnston Street, Lafayette, LA 70503
Commercial Sale, Lafayette, LA
Property Size1,467 SF
Lot Size0.27 Acres
Days on Market364
Property Features for 2301 Johnston Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CommercialHeavy
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street
Exterior features
OH Door 10 - 15 Ft
Subdivision
Vige Villa
Lot features
Corner, Level
Directions
From Hwy. 90 turn onto University Ave., continue for 1.4 miles, take a left onto Johnston St., after .8 miles the business will be on the left.
Standard status
Pending
APN
6046833
Size
1,467 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
P LOT VIGE VILLA (315.9X95X366.13X107.5)
Legal Description
P LOT VIGE VILLA (315.9X95X366.13X107.5)
Utilities
Heating system
Wall Furnace
Cooling system
Window Unit(s)
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Slate
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Jade Dupuis Barras · License #995686034
(337) 551-3452
Added: Oct 9, 2025
Changed: Sep 12
Last Checked: Oct 7 at 6:06AM
MLS# 2500004392
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 1,467-square-foot auto shop on a 0.27-acre parcel is configured for automotive operations, with a lobby and office area, workshop, storage space, and two large bay doors. The building also includes two bathrooms, concrete flooring, a slate roof, a wall furnace, window-unit cooling, and off-street parking. Public water serves the property, and the exterior door height is listed at 10–15 feet.
Located at 2301 Johnston Street in Lafayette, the property is positioned near Downtown Lafayette and the University of Louisiana at Lafayette. CommercialHeavy zoning supports its commercial real estate classification. The existing layout provides dedicated areas for customer-facing activity, administrative functions, vehicle work, and storage.
Located at 2301 Johnston Street in Lafayette, the property is positioned near Downtown Lafayette and the University of Louisiana at Lafayette. CommercialHeavy zoning supports its commercial real estate classification. The existing layout provides dedicated areas for customer-facing activity, administrative functions, vehicle work, and storage.
Key Highlights
- 1,467 SF auto shop on 0.27 acres
- CommercialHeavy zoning
- Two large bay doors for vehicle access
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
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
View Realmo Analytics
Market
Vacancy Rate% for Retail 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 - Commercially zoned facility with an office area, workshop, storage, and vehicle-access doors on Johnston Street.
Where is this auto shop located?
The property is located at 2301 Johnston Street 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: 1,467 SF auto shop on 0.27 acres; CommercialHeavy zoning; Two large bay doors for vehicle access
