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    5900 Highway 90 Broussard, LA 70518

    For Sale
    $2,650,000

    7.1 Acres, Hwy 90 & 92 Intersection

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 7.1-acre commercial/industrial land parcel presents a unique investment opportunity in Broussard, Louisiana. Strategically located at the lighted intersection of US Highway 90 (future I-49 corridor) and LA Highway 92, this property boasts high visibility and accessibility. The land has been meticulously raised to a minimum elevation of 21.50 to 23 feet, exceeding flood plain requirements and zoned AE. This ensures a stable and build-ready foundation for a diverse range of commercial ventures. With a total asking price of $2,650,000, the price per acre is $373,239. The property's COMMERCIAL zoning allows for a multitude of uses, including retail, commercial, and medical facilities. Its prime location within the rapidly growing Broussard area, coupled with its ideal elevation and versatile zoning, makes this a highly attractive investment for developers and businesses seeking a prominent presence in a thriving market. The address is 5900 Hwy 90 E, Broussard, LA 70518, situated in Lafayette Parish. This is a rare opportunity to acquire a significant land holding in a high-traffic area with excellent development potential.

    Property Features for 5900 Highway 90

    General Information

    Property type
    Land
    Lot Size
    309,276 SF

    HighLights

    • 7.1‑acre commercial/industrial land parcel in Broussard, LA.
    • High‑visibility location at the lighted intersection of US Hwy 90 (future I‑49 corridor) and LA Hwy 92.
    • Elevated to 21.50‑23 feet, exceeding flood plain requirements (AE zone).
    • $2,650,000 asking price ($373,239/acre).
    • Commercially zoned for retail, commercial, and medical uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -91.94209549
    Latitude
    30.10301251

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    FAQs

    What type of property is this?
    Land - 7.1 Acres, Hwy 90 & 92 Intersection
    Where is this land located?
    The property is located at 5900 Highway 90 Broussard, LA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: 7.1-acre commercial/industrial land parcel in Broussard, LA.; High-visibility location at the lighted intersection of US Hwy 90 (future I-49 corridor) and LA Hwy 92.; Elevated to 21.50-23 feet, exceeding flood plain requirements (AE zone).
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    5900 Highway 90 Broussard, LA 70518
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    Broussard, LA 70518
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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
    5900 Highway 90 Broussard, LA 70518
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