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Two Occupied, Mixed-Use Buildings Near Johnston St Corner

196, 198 Mt Vernon Dr, Lafayette, LA 70503

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Overview

https://buildout.com/sharing/two-occupied-mixed-use-buildings-near-johnston-st-corner-196-198-mt-vernon-dr-lafayette?file=3953945

Now for sale, 196 and 198 Mt Vernon Dr offer two occupied, mixed use buildings measuring ±1,000 and ±1,400 SF, respectively.

One unit is leased to a barbershop on a month-to-month basis, and the other is a house leased to July 2026.

Located near the corner of Johnston St and Mt Vernon Dr, the site sees ±28,100 vehicles per day, providing strong visibility and accessibility.

Johnston St is a major commercial corridor with nearby amenities including Jersey Mike’s, McDonald’s, Office Depot, Dollar General, and Planet Ice Rink.

Zoned CH for Commercial Heavy.

9% cap rate.

  • One unit on a month-to-month lease; the other leased to July 2026
  • ±28,100 vehicles per day
  • Nearby amenities include Jersey Mike’s, McDonald’s, Office Depot, and more
  • Zoned CH - Commercial Heavy

For Sale

Retail

Secondary Uses: Free Standing, Mixed Use

Sale Price
$250,000
Price Per SF
$104.2/SF
Building Size
2,400 SF
Acres
0.242 ac
Zoning
CH
Zoning Description
Commercial Heavy
Number of Buildings
2
Floors
1
Tenancy
Multiple Tenants
Nearest MSA
LA - Lafayette MSA
Tax ID Number
6028572
Property Status
Existing
County
Lafayette Parish
Created
10/13/2025
Updated
10/13/2025
Listing ID
f150b2af
Parcel APN
6028572