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Farrell-Calhoun Paint 4545 Johnston St 4,018 SF Retail Building Lafayette, LA 70503 $825,000 ($205.33/SF)
Investment Highlights
- Located along Johnston Street with approximately 150 feet of high-visibility frontage.
- Surplus land available on-site for potential expansion or redevelopment.
- Additional income stream from an on-site Lamar Advertising billboard lease.
- Positioned in a dense retail corridor with significant traffic volumes and nearby national brands.
Executive Summary
This retail property presents a strong income-producing opportunity along Johnston Street, one of Lafayette’s busiest corridors with a daily traffic count exceeding 24,700 vehicles. The site offers a ±4,018 SF standalone retail building on approximately 0.76 acres, featuring on-site parking and additional surplus land ideal for future development or expansion.
Currently under a gross lease, the retail tenant pays $5,000 per month through May 2029, providing immediate cash flow stability. Additional revenue is generated from Lamar Advertising, which pays $950 monthly for the on-site billboard, further enhancing the investment profile.
The property boasts approximately 150 feet of frontage along Johnston Street (Hwy 167), ensuring strong visibility and accessibility. Surrounded by a concentrated mix of retail, dining, and service-oriented businesses, the location supports long-term tenant demand and area growth. This asset is well positioned for continued income generation with the flexibility for redevelopment as market trends evolve.
Currently under a gross lease, the retail tenant pays $5,000 per month through May 2029, providing immediate cash flow stability. Additional revenue is generated from Lamar Advertising, which pays $950 monthly for the on-site billboard, further enhancing the investment profile.
The property boasts approximately 150 feet of frontage along Johnston Street (Hwy 167), ensuring strong visibility and accessibility. Surrounded by a concentrated mix of retail, dining, and service-oriented businesses, the location supports long-term tenant demand and area growth. This asset is well positioned for continued income generation with the flexibility for redevelopment as market trends evolve.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,018 SF
Building Class
C
Year Built
1977
Price
$825,000
Price Per SF
$205.33
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.73 AC
Zoning
CH - Commercial Heavy
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6017245 | Improvements Assessment | $24,108 |
| Land Assessment | $23,250 | Total Assessment | $47,358 |
Property Taxes
Parcel Number
6017245
Land Assessment
$23,250
Improvements Assessment
$24,108
Total Assessment
$47,358
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Farrell-Calhoun Paint | 4545 Johnston St