Automotive Building with
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 Market380
Property Features for 2301 Johnston Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CommercialHeavy
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Lot features
Corner Lot, 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.
Subdivision
G2
Standard status
Pending
APN
6046833
Size
1,467 SF
Lot size
0.27 Acres
Additional Details
Real Estate Included
Yes
Automotive Uses
dealership/vehicle sales
Taxes and HOA fees
Tax Description
P LOT VIGE VILLA (315.9X95X366.13X107.5)
Tax Annual Amount
4906
Legal Description
P LOT VIGE VILLA (315.9X95X366.13X107.5)
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
lobby/office area
workshop
bay doors
storage space
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Slate
Buildings
1
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Jade Dupuis Barras · License #995686034
(337) 551-3452
Added: Oct 9, 2025
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2500004392
Copyright © 2026 ROAM MLS. 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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,467-square-foot automotive property sits on a 0.27-acre parcel and includes a lobby and office area, a workshop, storage, and two large bay doors. The building also has two bathrooms, block construction, concrete flooring, slate roofing, and window-unit cooling. CommercialHeavy zoning is listed for the property.
Public water and sewer serve the site. The property is located at 2301 Johnston Street in Lafayette, Louisiana.
Public water and sewer serve the site. The property is located at 2301 Johnston Street in Lafayette, Louisiana.
Key Highlights
- Two large bay doors serve the workshop area
- 1,467 square feet on a 0.27‑acre parcel
- CommercialHeavy 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
Under-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
Frequently Asked Questions
What type of property is this?
Automotive property - An office and lobby, service workshop, storage, and two vehicle-access bays define the existing layout.
Where is this automotive property 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: Two large bay doors serve the workshop area; 1,467 square feet on a 0.27‑acre parcel; CommercialHeavy zoning
