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Property profile

2041 Johnston St Lafayette, LA 70503

OFF-MARKET
Land
0.34 ac lot
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Property summary

AI-generated overview

This exceptional 0.34-acre commercial lot, located at 2041 Johnston Street in Lafayette, Louisiana (zip code 70503), presents a remarkable development opportunity. Boasting approximately 110 feet of frontage on Johnston Street, this property is ideally situated adjacent to the University of Louisiana at Lafayette campus. The lot is zoned for commercial use, offering versatility for a range of projects, including commercial buildings or multi-family developments. The asking price is $499,900, translating to a price per acre of $1,470,294. The property's Assessed Parcel Number (APN) is 6046179. Its convenient location near the university makes it an attractive investment for businesses seeking high visibility and proximity to a large student population. This is a rare opportunity to acquire a strategically positioned commercial lot in a thriving Louisiana market. The property's size and location make it suitable for a variety of commercial ventures, capitalizing on the high traffic and foot traffic associated with its prime location. Serious inquiries are encouraged to explore the potential of this exceptional property. Further details are available upon request.

Property profile

Verified
Property type Land
Lot 0.34 ac (14,810 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2041 Johnston St Lafayette, LA 70503
Lafayette metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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