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    2800 Verot School Rd Lafayette, LA 70508

    For Sale
    $795,000

    Prime Commercial Lot, 37,477 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 37,477 square foot commercial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Located at the highly visible corner of Verot School Road and East Farrell Road, this property enjoys convenient proximity to Ambassador Caffery Expressway, ensuring excellent accessibility and high visibility for any commercial venture. Recently cleared of prior structures, the site is ready for immediate development. The CH (Commercial Heavy) zoning allows for a wide range of uses, making it ideal for various commercial projects. Its strategic location near Our Lady of Lourdes Regional Medical Center makes it particularly well-suited for medical-related businesses, but the zoning also accommodates retail or office developments. The substantial lot size offers ample space for a large-scale project or the potential for subdivision. This property represents a rare chance to acquire a prime commercial site in a thriving Lafayette location, offering significant potential for return on investment. The asking price is $795,000. The property address is 2800 Verot School Rd, Lafayette, LA 70508. Broker co-op is available.

    Property Features for 2800 Verot School Rd

    General Information

    Property type
    Land

    HighLights

    • $795,000 asking price.
    • 37,477 square foot land parcel.
    • CH (Commercial Heavy) zoning.
    • Located at the corner of Verot School Rd and E Farrel Rd, Lafayette, LA 70508.
    • Recently cleared site, suitable for medical, retail, or office use.
    • Broker co‑op available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.032592463871
    Latitude
    30.144860976612

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, 37,477 SF
    Where is this land located?
    The property is located at 2800 Verot School Rd Lafayette, LA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: $795,000 asking price.; 37,477 square foot land parcel.; CH (Commercial Heavy) zoning.
    (225) 925-0600
    Request Owner's contact information
    2800 Verot School Rd Lafayette, LA 70508
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    Lafayette, LA 70508
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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
    2800 Verot School Rd Lafayette, LA 70508
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