503 Mudd Ave Lafayette, LA 70501
For Sale
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This exceptional commercial property in Lafayette, Louisiana, presents a unique investment opportunity. Located at 503 Mudd Ave, this offering encompasses a 2,400 square foot automotive repair building situated on a prime corner lot, boasting dual frontage and excellent visibility. The property benefits from its strategic location along NE Evangeline Thwy, a high-traffic thoroughfare with approximately 36,924 vehicles passing daily, ensuring significant exposure for any business. The sale also includes an adjacent corner lot, increasing the total land area to approximately 0.27 acres, providing ample space for parking, expansion, or future development. The combined lots offer approximately 319 feet of total frontage, maximizing signage opportunities. The existing auto shop building is ready for immediate occupancy, making this an ideal opportunity for an owner-occupant or an investor seeking a high-demand location. The asking price is $249,000, translating to $103.75 per square foot. This property offers a compelling combination of high visibility, convenient access, and substantial land area, making it an attractive proposition in a thriving market. The address is 503 Mudd Ave, Lafayette, LA 70501.
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RPM Automotive Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.