Commercial Land with Retail
For Sale
$1,150,000
2513 Johnston Street, Lafayette, LA 70503
Commercial Sale, Lafayette, LA
Property Size3,010 SF
Lot Size1.35 Acres
Price / SF$382.06
Days on Market520
Property Features for 2513 Johnston Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM-1 (COMMERCIA
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Subdivision
Martin Park
Directions
from I-10, take Exit 100 to Ambassador Caffery Pkwy (la-3184) Head south on Ambassador Caffery Pkwy for approximately 5 miles. Turn left onto Johnston St. Continue on Johnston St. for about 3.2 miles. The property is on the right.
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)
Legal 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 Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Anthony D Moroux · License #995716708
(337) 257-8133
Added: May 6, 2025
Changed: Sep 13
Last Checked: Oct 7 at 5:06PM
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 1.35-acre commercial land offering includes a 3,010-square-foot building that has been renovated for retail or other commercial use. Interior features include wood flooring and two bathrooms, with wall-mounted heating and cooling. A composition roof and on-site parking lot are also in place.
The property is located at 2513 Johnston Street in Lafayette, along a commercial corridor. Public water serves the site, and the CM-1 zoning designation supports its commercial land classification. The existing improvements provide an established structure while the substantial land area offers flexibility for future planning, subject to applicable approvals.
The property is located at 2513 Johnston Street in Lafayette, along a commercial corridor. Public water serves the site, and the CM-1 zoning designation supports its commercial land classification. The existing improvements provide an established structure while the substantial land area offers flexibility for future planning, subject to applicable approvals.
Key Highlights
- 1.35 acres of commercial land
- 3,010‑square‑foot building renovated for retail or commercial use
- CM‑1 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,504
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,080
$730.1K
Cap Rate 7%
$521,486
$521.5K
Cap Rate 9%
$405,600
$405.6K
Market Conditions
NOI Build-Up for 3,010 SF
Gross rent
$56.7K $18.84/SF
− Vacancy
−$4.6K −$1.51/SF
EGI
$52.1K $17.33/SF
− OpEx
−$15.6K −$5.20/SF
NOI
$36.5K $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%
$730,080
Cap Rate 7%
$521,486
Cap Rate 9%
$405,600
Alternative Uses
Best Use
Retail
$521.5K
$456.3K – $608.4K
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
NOI $49,817 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - CM-1-zoned commercial land includes a renovated building suited to retail or commercial use.
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: 1.35 acres of commercial land; 3,010‑square‑foot building renovated for retail or commercial use; CM‑1 zoning designation
