6800 Blk Johnston St Lafayette, LA 70503
This exceptional 53-acre commercial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Located on Johnston Street, near its intersection with East Broussard, this expansive tract boasts over 750 feet of prime road frontage, experiencing high traffic volume exceeding 39,000 vehicles daily. The property's level topography and location outside of any designated flood zone significantly enhance its development potential. The zoning is classified as "A," offering flexibility for a variety of commercial uses. The substantial size of this property makes it the largest remaining developable tract on Johnston Street before reaching Vermilion Parish. Its strategic location allows for diverse development options, with the front portion ideally suited for commercial ventures, capitalizing on the high traffic count, while the rear portion offers potential for residential development. The asking price is $4,400,000, translating to $83,019 per acre. Parcel numbers are 6018765 & 6054716. This is a rare opportunity to acquire a significant land holding in a rapidly growing area. Don't miss this chance to secure a prime piece of Lafayette real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.