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    Prime Commercial Land on Johnston

    2513 Johnston Street Lafayette, LA 70503

    2513 Johnston Street, Lafayette, LA, 70503
    $1,150,000
    For Sale
    Claim this Listing
    $1,150,000

    COMMERCIAL - Lafayette, LA

    Property Size3,010 SF
    Lot Size1.35 Acres
    Price / SF$382.06
    AddedMay 6, 2025
    Days on Market436
    Last RefreshJul 15 at 5:06 am

    Property Features for 2513 Johnston Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CM-1 (COMMERCIA
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    6049064
    Size
    3,010 SF
    Lot size
    1.35 Acres

    Taxes and HOA fees

    Tax Description
    SEC 47 T10S R4E (1.353 AC) (212.7X271.9X80.3.26.6X111.8X337.8) SEC 47 T10S R4E (30X150) (REDWOOD DRIVE CONT ON 57 PLAT)

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Wood
    Roof type
    Composition

    Listing agent Anthony D Moroux License #995716708

    Listing office Scout Real Estate Co. 617 S Buchanan Street, Lafayette, LA

    Listing date May 6, 2025

    MLS# 2020023587

    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 property offers a rare opportunity to own 1.3+/- acres of highly visible land situated along Johnston Street in Lafayette. The property includes a 3,010 square foot former residence, which has been renovated for retail or commercial use. The property's value is primarily in the land, making it ideal for redevelopment. The location benefits from high traffic and offers endless commercial potential. The zoning is CM-1 (COMMERCIA.

    Key Highlights

    • 1.3+/- acres of land in a high‑traffic location on Johnston St.
    • Ideal for commercial redevelopment.
    • 3,010 sf former residence renovated for retail or commercial use.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    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

    Big Box & Wholesale Store Auto Parts Store Grocery & Convenience Store Storage Facility Electrical Service Garden Center Kitchen & Bath Showroom Building Supply Barber Shop Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Commercial land - 1.3+/- acres of highly visible land in Lafayette.
    Where is this commercial land located?
    The property is located at 2513 Johnston Street 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 land in a high‑traffic location on Johnston St.; Ideal for commercial redevelopment.; **3,010 sf former residence renovated for retail or commercial use.**
    Contact an agent
    (337) 257-8133
    We can help!
    Contact an agent
    Anthony D Moroux
    Real Estate License ID: 995716708
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