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    1603 N University Ave Lafayette, LA 70506

    For Sale
    $640,000

    Commercial land with road frontage near I-10 and new developments.

    Lot size:
    0.92 Acres

    Property Features for 1603 N University Ave

    General Information

    Lot size
    0.92 Acres

    Source: Scout Real Estate Co. Agent Jeff Landry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land on N University

    Commercial land is available off of I-10 E, featuring 200 ft of road frontage on N University Avenue in Lafayette, Louisiana. The property is located near the Truman Early Childhood Learning Center Development, which is valued at $26.5 million. Additional nearby establishments include Cracker Barrel, Lafayette Christian Academy, JW James Elementary School, Life Storage, hotels, fast-food restaurants, gas stations, and the Arbours at Lafayette apartments. The property is located in an Opportunity Zone (Census Tract 7) and is priced at $16.00 per square foot.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0295515
    Latitude
    30.2275573

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    FAQs

    What type of property is this?
    Land - Commercial land with road frontage near I-10 and new developments.
    Where is this land located?
    The property is located at 1603 N University Ave Lafayette, LA.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: - Located off I-10 E with **200 ft of road frontage on N University Avenue.**; - Located in an Opportunity Zone (Census Tract 7).; - Near Truman Early Childhood Learning Center Development ($26.5 Million).
    (337) 257-5380
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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
    1603 N University Ave Lafayette, LA 70506
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