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    200 Oak Grove Ln Lafayette, LA 70506

    For Sale
    $140,000

    Half-acre lot, ideal for office or multi-family.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional half-acre lot, designated as Lot 7 at 200 Oak Grove Lane in Lafayette, Louisiana (zip code 70506), presents a prime development opportunity. Situated within the Foreman Oaks Office Park, this property boasts a highly convenient location near the intersection of Eraste Landry and Foreman Drive, offering easy access to I-10. Its proximity to Lafayette High School on Congress Street and the Ambassador Caffery Parkway/Bertrand Drive intersection further enhances its appeal. The lot is perfectly suited for the construction of professional or medical office space, or alternatively, a multi-family residential development. This is a rare opportunity to acquire a well-located parcel in a thriving area. The entire 9-acre tract offers multiple lots ranging in size from 0.32 acres to 2.7 acres, with the possibility of combining lots to meet specific development needs. A build-to-suit option is also available, providing flexibility for customized construction projects. The asking price for this half-acre lot is $140,000. Interested parties are encouraged to conduct a site visit to fully appreciate the potential of this exceptional property.

    Property Features for 200 Oak Grove Ln

    General Information

    Property type
    Manufacturing properties

    HighLights

    • $140,000 asking price.
    • 0.5‑acre lot ideal for medical or professional office development, or multi‑family residential.
    • Located in Lafayette, LA, near I‑10, Lafayette High School, and Ambassador Caffery Parkway.
    • Multiple lot sizes available (0.32 to 2.7 acres) within a 9‑acre tract.
    • Build‑to‑suit options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -92.063158
    Latitude
    30.218092

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    FAQs

    What type of property is this?
    Manufacturing property - Half-acre lot, ideal for office or multi-family.
    Where is this manufacturing property located?
    The property is located at 200 Oak Grove Ln Lafayette, LA.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: $140,000 asking price.; 0.5-acre lot ideal for medical or professional office development, or multi-family residential.; Located in Lafayette, LA, near I-10, Lafayette High School, and Ambassador Caffery Parkway.
    Request Owner's contact information
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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
    200 Oak Grove Ln Lafayette, LA 70506
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