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6733 Johnston St Lafayette, LA 70503

OFF-MARKET Retail properties & Spaces Google Maps
230,000 SF 5.35 ac lot
Estimated value
No estimation on file for this property yet.
Property ID US36-2366504

Property summary

AI-generated overview

This exceptional 5.35-acre commercial land parcel, located at 6733 Johnston St in Lafayette, Louisiana (zip code 70503), presents a unique investment opportunity. Zoned CH, this vacant property offers significant potential for various commercial uses, including industrial development. The asking price is $2,097,414, translating to a land value of $392,040 per acre. Its strategic location is adjacent to and part of the highly sought-after Stonehaven Subdivision, ensuring excellent visibility and accessibility. The property's size, ranging from 230,000 to 240,000 square feet, provides ample space for a substantial development project. The property's APN is 6154203. Given its prime location and zoning, this land is well-suited for a variety of commercial ventures. This is a rare opportunity to acquire a significant tract of land in a thriving Lafayette commercial area. Serious inquiries are encouraged. The property is currently vacant and ready for immediate development. No buildings, units, stories, gas pumps, loading docks, or dock-high doors are present. The year built and year renovated are not available. Ceiling height information is also unavailable.

Property profile

Verified
Property type Retail properties & Spaces
Total area 230,000 SF
Lot 5.35 ac (233,046 SF)
UPID US36-2366504

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Housing Development

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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