Lafayette Automotive Repair Shop For
For Sale
Contact for pricing
Pending
503 Mudd Ave, Lafayette, LA 70501
Automotive repair shop on a corner lot with high visibility.
Property Size2,400 SF
Lot Size0.27 Acres
Days on Market771
Property Features for 503 Mudd Ave
General Information
Standard status
Pending
Size
2,400 SF
Lot size
0.27 Acres
Property subtype
Retail
Listing Agency:
Elifin Realty Lafayette
Listed By:
Mark Johns · License #995715972
Source:
Crexi
Added: Jun 20, 2024
Changed: Jul 6
Last Checked: Jul 29 at 11:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elifin Realty Lafayette
Investment Insights
Based on property information with market context.
Available for sale is a corner lot property at 503 Mudd Ave in Lafayette. The property includes an automotive repair building with approximately 2,400 square feet of space. Situated along the highly traveled NE Evangeline Thwy, which sees approximately 36,924 vehicles daily, the location offers high visibility. The listing includes an adjacent corner lot at 502 Mudd Ave, combining for approximately 0.27 acres. Dual frontage is in place for both lots, enhancing access and signage possibilities. The combined lots provide ample space for customer parking or potential expansion. The property is an ideal setup for businesses in the automotive sector seeking high visibility and significant daily customer potential.
Key Highlights
- Prime corner lot location on highly traveled NE Evangeline Thwy (±36,924 daily traffic).
- Includes adjacent corner lot (502 Mudd Ave), combining for ±0.27 acres.
- Features a ±2,400 SF automotive repair building, ready for immediate use.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.0k | $7.08 |
| − Vacancy | −$816 | −$0.34 |
| EGI | $16.2k | $6.74 |
| − OpEx | −$4.9k | −$2.02 |
| NOI | $11.3k | $4.72 |
2,400 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$415.8K
$363.8K – $485.1K
NOI $29,106 @ 7.0% cap · market cap 13.23%
Second Best
Industrial
$161.8K
$141.5K – $188.7K
NOI $11,323 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$567.4K
$496.5K – $662.0K
NOI $39,721 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vice Motorsports llc — 206 S Chestnut St, Lafayette, LA 70501
- Just For You Towing & Roadside Solutions — 221 Jefferson St, Lafayette, LA 70501
- Beyond Automotive — 504 garfield st, lafayette, la 70501
- One stop automotive llc — 113 Jackson St, Lafayette, LA 70501
- Diezel's Automotive onSite — 514 Garfield St, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive repair shop on a corner lot with high visibility.
Where is this auto shop located?
The property is located at 503 Mudd Ave Lafayette, LA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Prime corner lot location on highly traveled NE Evangeline Thwy (±36,924 daily traffic).; Includes adjacent corner lot (502 Mudd Ave), combining for ±0.27 acres.; Features a ±2,400 SF automotive repair building, ready for immediate use.
