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    500 Ridge Rd Lafayette, LA 70506

    For Sale
    $2,500,000

    11.34 Acres, Zoned Commercial

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 11.34-acre commercial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Located at 500 Ridge Road, this property boasts a prime location within the rapidly developing Ridge Road and Rue Du Belier corridor, offering excellent visibility and accessibility. The land is zoned for commercial use, providing flexibility for a wide range of development projects. The asking price is $2,500,000, translating to $220,458 per acre. This significant acreage presents potential for subdivision, with the possibility of creating parcels of 1.23 acres and 10.11 acres. The property's APN is 6023178. Its strategic location offers convenient access to Johnston Street, a major thoroughfare in Lafayette. This property is ideal for developers seeking a substantial land holding in a high-growth area, providing ample space for various commercial ventures. The location offers significant potential for future appreciation, making this a compelling investment opportunity in a thriving Louisiana market. Serious inquiries are encouraged to explore the possibilities of this expansive commercial land parcel. The property is situated in Lafayette Parish, Louisiana, with a zip code of 70506. Latitude and longitude coordinates are 30.1815922 and -92.0923653 respectively.

    Property Features for 500 Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    493,970 SF

    HighLights

    • 11.34‑acre commercial land parcel in Lafayette, LA, at 500 Ridge Road.
    • Zoned for commercial use, offering development flexibility.
    • Asking price: $2,500,000 ($220,458/acre).
    • Prime location on Ridge Road and Rue Du Belier corridor, offering excellent visibility and accessibility near Johnston Street.
    • Potential for subdivision into 1.23‑acre and 10.11‑acre parcels.
    • APN: 6023178, Zip Code: 70506, Coordinates: 30.1815922, -92.0923653.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0923653
    Latitude
    30.1815922

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    FAQs

    What type of property is this?
    Land - 11.34 Acres, Zoned Commercial
    Where is this land located?
    The property is located at 500 Ridge Rd Lafayette, LA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 11.34-acre commercial land parcel in Lafayette, LA, at 500 Ridge Road.; Zoned for commercial use, offering development flexibility.; Asking price: $2,500,000 ($220,458/acre).
    (337) 443-0880
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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
    500 Ridge Rd Lafayette, LA 70506
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