Grocery Store with Prep
For Sale
$170,000
520 S Magnolia Street, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size2,800 SF
Lot Size0.14 Acres
Price / SF$60.71
Days on Market172
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
Sewer type
Public Sewer
Heating system
Electric (Heating), Wall Furnace
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: Oct 8
Last Checked: Oct 15 at 11:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,800-square-foot building previously operated as a grocery store and has been renovated. Interior features include a walk-in cooler, a separate washing and prep area, and existing living quarters. Improvements also include an upgraded electrical panel, a metal roof, and a reinforced subfloor.
The property occupies 0.14 acres and has stucco construction, tile flooring, wall-unit cooling, and electric heat. Public water and sewer serve the site. Parking is available in a lot and off street, and a storage building is also present.
The property occupies 0.14 acres and has stucco construction, tile flooring, wall-unit cooling, and electric heat. Public water and sewer serve the site. Parking is available in a lot and off street, and a storage building is also present.
Key Highlights
- Walk‑in cooler and dedicated washing and prep area
- 2,800‑square‑foot renovated former grocery store
- Existing on‑site living quarters
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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?
Grocery and convenience store - Food-handling infrastructure includes a walk-in cooler and dedicated washing and preparation space.
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: Walk‑in cooler and dedicated washing and prep area; 2,800‑square‑foot renovated former grocery store; Existing on‑site living quarters
