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    921 Ambassador Caffery Pkwy Lafayette, LA 70506

    Sponsored
    For Sale
    $2,591,820

    5.98 Acres, High Visibility, Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.98-acre commercial land parcel presents a remarkable investment opportunity in Lafayette, Louisiana. Located at 921 Ambassador Caffery Pkwy, this highly visible property sits at the intersection of Ambassador Caffery Parkway and Bertrand Drive, just south of Cameron Street, offering unparalleled exposure to high traffic volumes. The property boasts Commercial Heavy zoning, permitting a wide range of commercial uses, making it ideal for various development projects. A servitude agreement with the adjacent property (Stripes/Sunoco) ensures convenient access to both Ambassador Caffery Parkway and Cameron Street, enhancing its accessibility and appeal. The land is relatively level, simplifying development plans. The parcel's size, prime location, and flexible zoning make it an attractive prospect for businesses seeking high visibility and convenient access. The property's APN is 6157794, and its legal description is Section 28 T9s R4e Lafayette Parish. The asking price is $2,591,820, translating to $433,414 per acre. This represents a significant opportunity to acquire a substantial commercial land holding in a thriving Louisiana market. The property is subject to survey.

    Property Features for 921 Ambassador Caffery Pkwy

    General Information

    Property type
    Individual retail properties
    Lot Size
    260,489 SF

    HighLights

    • Tax ID/APN: 6157794
    • Excellent visibility at the intersection of Ambassador Caffery Parkway and Bertrand Drive, south of Cameron Street.
    • Legal Description: Section 28 T9s R4e, Lafayette Parish.
    • Located near Bertrand Drive and Cameron Street.
    • Commercial Heavy zoning, allowing for a wide range of commercial uses.
    • Level topography.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0635973
    Latitude
    30.2284828

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    FAQs

    What type of property is this?
    Individual retail property - 5.98 Acres, High Visibility, Commercial Zoning
    Where is this individual retail property located?
    The property is located at 921 Ambassador Caffery Pkwy Lafayette, LA.
    What is the asking price?
    The asking price for this property is $2,591,820.
    What are key features of this property?
    This property features: Tax ID/APN: 6157794; Excellent visibility at the intersection of Ambassador Caffery Parkway and Bertrand Drive, south of Cameron Street.; Legal Description: Section 28 T9s R4e, Lafayette Parish.
    Request Owner's contact information
    921 Ambassador Caffery Pkwy 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
    921 Ambassador Caffery Pkwy Lafayette, LA 70506
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