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    7200 Johnston St Lafayette, LA 70506

    For Sale
    $1,195,000

    Prime Lafayette development land, high traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 9.92-acre commercial land parcel presents a remarkable investment opportunity in Lafayette, Louisiana. Located at 7200 Johnston Street, this property boasts unparalleled visibility and accessibility due to its high-traffic location just beyond East Broussard Road (LA Hwy 733). The asking price is $1,195,000, translating to $1,195,000 per square foot. Surrounded by a burgeoning landscape of new businesses, this site offers limitless potential for a diverse range of commercial ventures. Its strategic position ensures substantial exposure to the constant flow of vehicles on Johnston Street, making it ideal for businesses seeking maximum visibility and customer reach. The property's size and location in Lafayette Parish, zip code 70506, provide ample space for development and significant growth opportunities. This is a rare chance to acquire a prime piece of commercial real estate in a thriving area of Lafayette. The coordinates are 30.1365779 latitude and -92.1049886 longitude. Don't miss this chance to capitalize on this exceptional investment opportunity.

    Property Features for 7200 Johnston St

    General Information

    Property type
    Land

    HighLights

    • $1,195,000 asking price.
    • 9.92 acres of commercial land.
    • Located at 7200 Johnston St, Lafayette, LA 70506.
    • High traffic count and visibility on Johnston Street, near East Broussard Road (LA Hwy 733).
    • Excellent development opportunity in a growing area with surrounding new businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.1049886
    Latitude
    30.1365779

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    FAQs

    What type of property is this?
    Land - Prime Lafayette development land, high traffic location.
    Where is this land located?
    The property is located at 7200 Johnston St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: $1,195,000 asking price.; 9.92 acres of commercial land.; Located at 7200 Johnston St, Lafayette, LA 70506.
    Request Owner's contact information
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    Lafayette, LA 70506
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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
    7200 Johnston St Lafayette, LA 70506
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