4519 Johnston StLafayette, LA 70503

Property Details for 4519 Johnston St

Year built

2004

Lot size

1.36 AC

Property size (Sq ft)

7,200 SF

Property type

Other commercial real estate

APN

6035063

APU

6035063

Description

This exceptional 1.36-acre commercial property, located at 4519 Johnston St in Lafayette, Louisiana (zip code 70503, APN 6035063), presents a compelling investment opportunity. Zoned for commercial use, this mixed-use land offers significant potential. Currently, a ground lease is in place, generating a monthly income of $800, with a lease expiration date of January 1, 2029, representing a remaining term of approximately 4.1 years. Upon lease expiration, all improvements revert to the landowner. The property's strategic location at a high-profile Lafayette intersection ensures excellent visibility and accessibility. This makes it ideal for a variety of commercial ventures. The asking price for this prime commercial real estate is $970,000. The property is being offered for sale by owner. This is an excellent long-term investment opportunity in a thriving Louisiana market. Serious inquiries are encouraged.

• Alternative Use

  Use

  Valuation

  Residential

  $1,129,309

  Hospitality

  $1,034,441

  Educational

  $860,643

  Medical

  $890,242

  Retail

  $1,338,778

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.1925

Longitude

-92.0587

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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