Waterfront Commercial
For Sale
$495,000
1401 E Milton Avenue, Lafayette, LA 70508
Commercial land with pond frontage across from a planned mixed-use development and preliminary parking-lot approvals.
Property Size87,556 SF
Price / SF$5.65
Days on Market16
Property Features for 1401 E Milton Avenue
General Information
Standard status
Active
Size
87,556 SF
Property subtype
Commercial
Listing Agency:
Carrington Realty, Inc.
(337) 262-7873
Listed By:
The Gleason Group · License #70010221
(337) 262-7873
Source:
Gleasonla
Added: Aug 16
Changed: Aug 30
Last Checked: Aug 30 at 2:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carrington Realty, Inc.
Investment Insights
Based on property information with market context.
This commercial land parcel is positioned across from Palmer Parc, a planned mixed-use development with proposed childcare, professional office, co-working, retail, and other complementary commercial uses. The site fronts a subdivision pond with a fountain, providing a defined waterfront setting for future commercial development. An approximately 14,000-square-foot building area may be accommodated, subject to final design and governmental approvals.
Preliminary approvals allow an asphalt parking lot to be built over the existing underground gas transmission line area, supporting more efficient use of the site. The buyer will be expected to maintain architectural and landscaping standards that complement Palmer Parc. Additional commercial pad or partial-property acquisition opportunities may also be available within Palmer Parc for future expansion or a broader development plan.
Preliminary approvals allow an asphalt parking lot to be built over the existing underground gas transmission line area, supporting more efficient use of the site. The buyer will be expected to maintain architectural and landscaping standards that complement Palmer Parc. Additional commercial pad or partial-property acquisition opportunities may also be available within Palmer Parc for future expansion or a broader development plan.
Key Highlights
- Across from Palmer Parc, a planned mixed‑use development
- Pond frontage with a fountain along the subdivision
- Approximately 14,000‑square‑foot building area, subject to approvals
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with pond frontage across from a planned mixed-use development and preliminary parking-lot approvals.
Where is this commercial land located?
The property is located at 1401 E Milton Avenue Lafayette, LA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Across from Palmer Parc, a planned mixed‑use development; Pond frontage with a fountain along the subdivision; Approximately 14,000‑square‑foot building area, subject to approvals
