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    111 Renaud Dr Lafayette, LA 70507

    Sponsored
    For Sale
    $596,772

    Prime Lafayette commercial land, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.75-acre commercial land parcel presents a remarkable investment opportunity in Lafayette, Louisiana. Located at 111 Renaud Dr, 70507, this property boasts significant road frontage, offering excellent visibility and accessibility. With 229 feet of frontage on Renaud Drive and additional access available via Abraham Drive, this site is ideally positioned for a variety of commercial ventures. The property's APN is 6055640. The asking price is $596,772, translating to a land value of $217,800 per acre. This equates to a price of $5.00 per square foot, representing a competitive price point in the current market. The property's size and strategic location make it suitable for a wide range of development projects, offering substantial potential for future growth and return on investment. This is a rare opportunity to acquire a sizable, well-situated commercial land parcel in a thriving Lafayette location. Serious inquiries are encouraged to explore the possibilities this property offers. The property is zoned for commercial use (verification of zoning with local authorities is recommended).

    Property Features for 111 Renaud Dr

    General Information

    Property type
    Land
    Lot Size
    119,790 SF

    HighLights

    • $596,772 asking price.
    • 2.75‑acre commercial land parcel.
    • $217,800 per acre land value.
    • Located at 111 Renaud Dr, Lafayette, LA 70507 (APN 6055640).
    • 229 feet of road frontage on Renaud Dr, with additional access on Abraham Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.039152
    Latitude
    30.253987

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    FAQs

    What type of property is this?
    Land - Prime Lafayette commercial land, ready for development.
    Where is this land located?
    The property is located at 111 Renaud Dr Lafayette, LA.
    What is the asking price?
    The asking price for this property is $596,772.
    What are key features of this property?
    This property features: $596,772 asking price.; 2.75-acre commercial land parcel.; $217,800 per acre land value.
    (337) 781-9733
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    111 Renaud Dr Lafayette, LA 70507
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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
    111 Renaud Dr Lafayette, LA 70507
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