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Property profile & analytics
OFF-MARKET
Land

6800 Blk Johnston St Lafayette, LA 70503

53 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 53 ac (2,308,680 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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