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    2801-2851 Johnston St Lafayette, LA 70503

    Sponsored
    For Lease
    $22 SF/Yr

    Lafayette, LA: High-traffic retail opportunity.

    Lot size:
    110,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    South College Center, located at 2801-2851 Johnston Street in Lafayette, Louisiana (zip code 70503), offers a prime retail space within a vibrant, family-friendly environment. This multi-tenant retail center boasts a total of 110,000 square feet and enjoys a highly visible corner location at the intersection of Johnston Street and South College Road. The property is zoned CH within Lafayette Parish. Benefit from exceptional daily traffic counts, with Johnston Street seeing approximately 29,118 vehicles per day (VPD) in 2022 and South College Road registering approximately 31,436 VPD in 2022. This high visibility is further enhanced by the opportunity for digital signage on Johnston Street. The center's current tenant mix includes locally owned businesses, creating a strong community atmosphere. The property's proximity to Moncus Park adds to its family-friendly appeal. A significant opportunity exists with the availability of a former entertainment venue space, measuring approximately 38,170 square feet. This large space presents a unique chance for a new entertainment business to establish itself in a high-traffic location. One smaller space of 1,000 square feet is also currently available.

    Property Features for 2801-2851 Johnston St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    110,000 SF
    Total Rate
    201666.67

    Unit(s) available at that property

    Space
    Suite 2823
    Size
    0 SF
    Rate per SF
    $22

    HighLights

    • High traffic counts: ±29,118 VPD on Johnston Street and ±31,436 VPD on South College Road (2022).
    • Excellent visibility at the corner of Johnston Street and South College Road, including digital signage opportunities.
    • Prime retail location in Lafayette, LA (70503), within a family‑friendly environment adjacent to Moncus Park.
    • Large available space (38,170 SF) ideal for entertainment use, plus a smaller 1,000 SF space also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0387384
    Latitude
    30.2061959

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    FAQs

    What type of property is this?
    Retail property - Lafayette, LA: High-traffic retail opportunity.
    Where is this retail property located?
    The property is located at 2801-2851 Johnston St Lafayette, LA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: High traffic counts: ±29,118 VPD on Johnston Street and ±31,436 VPD on South College Road (2022).; Excellent visibility at the corner of Johnston Street and South College Road, including digital signage opportunities.; Prime retail location in Lafayette, LA (70503), within a family-friendly environment adjacent to Moncus Park.
    Request Owner's contact information
    2801-2851 Johnston St Lafayette, LA 70503
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    Lafayette, LA 70503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2801-2851 Johnston St Lafayette, LA 70503
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