Large Retail Store on Johnston Street

Retail-Commercial for Sale
Catylist Listing ID: 30816083
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 22,000 SF
Gross Land Area: 0.76 Acres
Sale Price: $1,600,000
Unit Price: $72.73 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: The Royal Standard
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/9/2024

Overview / Comments

Currently The Royal Standard. Extremely high visibility from Johnston Street. Corner of Oakcrest Drive. Two-story front section with freight elevator totaling +/- 18,000 sf and single story side section totaling 4,500 sf for a total of retail & storage area of +/- 22,000. Front, side, and rear parking totaling 37 spaces. Rear covered loading area approximately 20' x 51'. New roof Oct 2020 on main building and Jan 2021 on lower roof. Blacktopped rear yard entirely fenced. 0.763 acres. Zoned CH (Commercial Heavy). Includes 60 x 96 lot in rear at 112 Oakcrest Drive (Lot 5) currently zoned for RM-1 (Residential Mixed Use). Land and improvements only. Business relocating.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G2
Tax ID/APN: 6025907
Zoning: COMMERCIAL HEAVY
Retail Clientele: General
Property Located Between: UL Lafayette & Blackham Coliseum.
Property Visibility: Excellent
Property Condition: Average
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 37
Parking Type: Surface
Parking Description: Front, side and rear lot.
Freight Elevators: 1
Sprinklers: None
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,843 82,838 141,949
Median Age: 30.47 34.2 34.53
Households: 6,332 34,522 57,795

Contact

Photograph of Listing Agent

Dewitt C David

NAI/Latter & Blum Commmercial Lafayette Lafayette, LA 70508
LACDB Member
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