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    OFF-MARKET
    Retail properties & Spaces

    2801-2851 Johnston St, Lafayette, LA 70503

    110,000 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Total area 110,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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