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    2424 Ambassador Caffery Pkwy Lafayette, LA 70506

    For Sale
    $1,150,000

    Prime location, drive-thru, high traffic.

    Property size:
    3,187 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This free-standing retail building, located at 2424 Ambassador Caffery Pkwy in Lafayette, LA, presents a unique investment opportunity. The 3,187 square foot building sits on a 1.168-acre lot with 130 feet of frontage on a high-traffic corridor (40,456 cars per day), boasting proximity to major retailers like Walmart and Sam's Club. Built in 1998 and extensively renovated in 2023, the property features a drive-thru, upgraded exterior, and is zoned CH. Internal features include three hood kitchens (10'x56", 6'x4', and 52"x32"), two walk-in coolers (131"x97" and 77"x115"), and one walk-in freezer (131"x88"). Three York 7-ton central AC units ensure climate control. The building's convenient location is approximately one mile from Ochsner Lafayette General Orthopedic Center, nine minutes from the Lafayette Amtrak Station, and fourteen minutes from Lafayette Regional Airport (LFT). The asking price is $1,150,000, with an occupancy date of October 14, 2024. This property is ideal for a quick-service restaurant or fast-food operation seeking a well-established and highly visible location.

    Property Features for 2424 Ambassador Caffery Pkwy

    General Information

    Property type
    Restaurants
    Square Feet
    3,187 SF
    Lot Size
    50,878 SF

    Building Details

    Year Built/Renovated
    1998/2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,150,000 asking price for a free‑standing retail building with drive‑thru.
    • 3,187 square feet on a 1.168‑acre lot located at 2424 Ambassador Caffery Pkwy, Lafayette, LA 70506.
    • Building features include a renovated exterior, 130 feet of frontage, and CH zoning.
    • High traffic counts of 40,456 cars per day on a primary retail corridor near Walmart and Sam's Club.
    • The property is conveniently located near Ochsner Lafayette General Orthopedic Center, the Lafayette Amtrak Station, and Lafayette Regional Airport (LFT).
    • Interior features include three hood kitchens, two walk‑in coolers, and one walk‑in freezer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Smittys wings/daiquiris and more Restaurant

    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
    -92.075364162289
    Latitude
    30.207362027475

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    FAQs

    What type of property is this?
    Restaurant - Prime location, drive-thru, high traffic.
    Where is this restaurant located?
    The property is located at 2424 Ambassador Caffery Pkwy Lafayette, LA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: $1,150,000 asking price for a free-standing retail building with drive-thru.; 3,187 square feet on a 1.168-acre lot located at 2424 Ambassador Caffery Pkwy, Lafayette, LA 70506.; Building features include a renovated exterior, 130 feet of frontage, and CH zoning.
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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
    2424 Ambassador Caffery Pkwy Lafayette, LA 70506
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