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For Sale

Two Occupied, Mixed-Use Buildings Near Johnston St Corner

196, 198 Mt Vernon Dr,
Lafayette, LA 70503

Asset Snapshot

1
Floor Count
2
Building Count

Offering Summary

Investment Overview

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.


Investment Highlights

  • 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

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Listing Syndicated From

Buildout
For Sale
$250,000
Asking Price