Renovated Retail Convenience
For Sale
$170,000
520 S Magnolia Street, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
Property Size2,800 SF
Lot Size0.14 Acres
Price / SF$60.71
Days on Market118
Property Features for 520 S Magnolia Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Off Street
Exterior features
Door Sign, Fully Fenced, Partially Fenced, Stabilized Yard Base, Storage Building
Fencing
Partial, Full
Subdivision
Parkerson S R Addition
Lot features
Corner
Directions
From SE Evangeline Thwy and Louisiana Ave, turn right on Louisiana Ave, travel for 0.1 mile, take a right on the second cross st on to S. Magnolia St. The building will be on your right
Standard status
Active
APN
6051535
Size
2,800 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
P LOT 6 BLK 15 S R PARKERSON ADD
Legal Description
P LOT 6 BLK 15 S R PARKERSON ADD
Utilities
Heating system
Wall Furnace, Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Amenities
walk-in cooler
dedicated washing and prep area
upgraded electrical panel
new metal roof
reinforced subfloor
existing on-site living quarters
Building Details
Floors in Building
1
Flooring type
Tile
Building materials
Stucco
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Jake Zimmerman · License #995715702
(337) 781-9733
Added: Apr 27
Changed: Aug 4
Last Checked: Aug 22 at 6:06AM
MLS# 2600003674
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 renovated former grocery store provides flexible retail space configured with a walk-in cooler and a dedicated washing and prep area. An upgraded electrical panel supports modern electrical needs. Recent improvements include a new metal roof and a reinforced subfloor. The property also includes existing on-site living quarters.
The property is located at 520 S Magnolia Street in Lafayette, Louisiana (70501).
The property is located at 520 S Magnolia Street in Lafayette, Louisiana (70501).
Key Highlights
- Flexible commercial space ideal for an owner‑operator.
- Existing on‑site living quarters.
- Walk‑in cooler, dedicated washing and prep area.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,391
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Renovated former grocery store with a walk-in cooler, dedicated prep and washing area, and upgraded electrical panel.
Where is this grocery and convenience store located?
The property is located at 520 S Magnolia Street Lafayette, LA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Flexible commercial space ideal for an owner‑operator.; Existing on‑site living quarters.; Walk‑in cooler, dedicated washing and prep area.
