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    515 Ridge Rd Lafayette, LA 70506

    For Sale
    $3,200,000

    Land - Lafayette, LA

    Lot size:
    30.00 Acres
    Days on Market:
    138
    Last Refresh:
    Dec 10 at 9:06 pm

    Property Features for 515 Ridge Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Lot size
    30.00 Acres

    Building Details

    Architectural style
    Other

    Acadiana Investment Group (337) 735-9300 [email protected]

    Listing agent Fred Arsement (337) 735-9300

    Listing date Jul 26, 2025

    MLS# 22007181 Listing URL

    Copyright © 2025 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    30 Acres on Ridge Road

    This 30-acre parcel of commercial and/or residential land is situated in a prime location on Ridge Road in Lafayette, Louisiana. The property features 1126 feet of frontage and is partially wooded. Potential uses for the land include medical facilities, retirement facilities, multi-family housing, or a subdivision. The location offers high traffic and easy access to both Lafayette and Scott. The property is located near the new Prairie school and the back of the property faces LARC. Furthermore, the property is next to the new future corridor from I-10.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.094394
    Latitude
    30.179894

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    FAQs

    What type of property is this?
    Land - 30 acres of commercial or residential land in Lafayette.
    Where is this land located?
    The property is located at 515 Ridge Rd Lafayette, LA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Prime location on Ridge Road with 30 acres and **1126' of frontage.**; - High traffic area with easy access to Lafayette and Scott.; - Potential for diverse development: medical, retirement facility, multi-family housing, or subdivision.
    (337) 735-9300
    Request Owner's contact information
    515 Ridge Rd Lafayette, LA 70506
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    Lafayette, LA 70506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Ridge Rd Lafayette, LA 70506
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