Restaurant Building Near
For Sale
$189,000
420 N Main Street, Opelousas, LA 70570
Commercial Sale, Opelousas, LA
Property Size1,400 SF
Lot Size0.14 Acres
Price / SF$135
Days on Market63
Property Features for 420 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
14
Lot features
Corner Lot
Directions
On I-49 going toward Opelousas. Take exit 19B. at the ramp follow US-190 West until it turns to E Landry Street. Continue straight then take a right on N. Main St.
Subdivision
L2
Standard status
Active
APN
0100451200
Size
1,400 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Lots 2 & 4 of Block 4, Main Street Opelousas, LA
Legal Description
Lots 2 & 4 of Block 4, Main Street Opelousas, LA
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Trinh Huynh · License #995707946
(337) 254-0612
Added: Aug 23
Changed: Oct 23
Last Checked: Oct 24 at 12:06AM
MLS# 2600007862
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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Investment Insights
Based on property information with market context.
This 1,400-square-foot former restaurant sits on a 0.14-acre parcel at 420 N Main Street in Opelousas. The block building has concrete flooring, a metal roof, central electric heating, and central air conditioning. Two bathrooms are present.
Commercial zoning and public water and sewer service are among the property's documented features. Its location near downtown Opelousas provides the stated connection to the city center.
Commercial zoning and public water and sewer service are among the property's documented features. Its location near downtown Opelousas provides the stated connection to the city center.
Key Highlights
- 1,400‑square‑foot former restaurant
- 0.14‑acre parcel near downtown Opelousas
- Block construction with concrete flooring and a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,592
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,840
$271.8K
Cap Rate 7%
$194,171
$194.2K
Cap Rate 9%
$151,022
$151.0K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$19.3K $13.80/SF
− Vacancy
−$1.2K −$0.86/SF
EGI
$18.1K $12.94/SF
− OpEx
−$4.5K −$3.24/SF
NOI
$13.6K $9.71/SF
Area
St. Landry County, LA
Vacancy
6.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,840
Cap Rate 7%
$194,171
Cap Rate 9%
$151,022
Alternative Uses
Best Use
Specialty Retail
$194.2K
$169.9K – $226.5K
NOI $13,592 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$211.2K
$184.8K – $246.4K
NOI $14,784 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70570, LA
38,746
Population
17,099
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
171.8 sq mi
ZIP Area
226
Density / Sq Mi
$45,276
Median Household Income
$33,090
Median Earnings
$764
Median Rent
$151,300
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Restaurant - A compact commercial property with public water and sewer service is positioned near downtown Opelousas.
Where is this restaurant located?
The property is located at 420 N Main Street Opelousas, LA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,400‑square‑foot former restaurant; 0.14‑acre parcel near downtown Opelousas; Block construction with concrete flooring and a metal roof
