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    Evangeline Trwy Lafayette, LA 70501

    Sponsored
    For Sale
    $5,500,000

    Prime Lafayette warehouse, distribution, & manufacturing space.

    Property size:
    234,623 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property, located at NE Evangeline Trwy, Lafayette, LA 70501, presents a unique investment opportunity. The property encompasses a substantial 234,623 square feet on a 23.873-acre lot, zoned CH. The single-story building, renovated in 2001, currently boasts 100% occupancy across its two units. The net rentable area is 100,000 square feet, priced at $55 per square foot, with an asking price of $5,500,000. The building features three dock-high doors and two loading docks, making it ideal for efficient logistics. The space is climate-controlled, offering both heating and cooling. Benefiting from high-speed fiber Gigabit internet connectivity, this versatile facility is suitable for a variety of uses, including distribution, flexible manufacturing, and even data hosting. The property's dimensions are approximately 310 x 325 feet, and it's situated within an Opportunity Zone, offering potential tax advantages. The building is also available for lease, providing additional income potential. This is a rare opportunity to acquire a large, well-maintained industrial property in a prime Lafayette location.

    Property Features for 0 Evangeline Trwy

    General Information

    Property type
    Distribution properties
    Square Feet
    234,623 SF
    Lot Size
    1,039,908 SF

    Building Details

    Year Renovated
    2001
    Buildings
    1
    Stories
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0177142
    Latitude
    30.2668961

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    FAQs

    What type of property is this?
    Distribution property - Prime Lafayette warehouse, distribution, & manufacturing space.
    Where is this distribution property located?
    The property is located at Evangeline Trwy Lafayette, LA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    Request Owner's contact information
    Evangeline Trwy Lafayette, LA 70501
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    Lafayette, LA 70501
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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
    Evangeline Trwy Lafayette, LA 70501
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