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    720 Lafayette St Lafayette, LA 70501

    Sponsored
    For Sale
    $775,000

    0.91 Acres, High-Density Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.91-acre commercial and residential land parcel presents a unique investment opportunity in the heart of Downtown Lafayette, Louisiana. Strategically located at 720 Lafayette Street, this property boasts prominent frontage on both Lafayette Street and South Washington Street, offering unparalleled visibility and accessibility. Its prime location places it directly adjacent to the Federal Courthouse and Lafayette Parish Library, ensuring high foot traffic and a desirable neighborhood setting. The permitted Downtown zoning allows for a wide range of development possibilities, including high-density residential, multi-family dwellings, office space, mixed-use projects, or even a government building. This versatile property is ideal for developers seeking a high-impact project or investors looking for a strong, long-term asset in a thriving urban core. The asking price is $775,000. The property's size and location make it exceptionally well-suited for projects requiring significant space and visibility. Given its proximity to key civic buildings and its flexible zoning, this land parcel represents a rare chance to acquire a highly valuable asset in a rapidly growing area of Lafayette. Serious inquiries are encouraged. The property is offered for sale by owner. The zip code is 70501.

    Property Features for 720 Lafayette St

    General Information

    Property type
    Land
    Lot Size
    39,640 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Agora Open Air ... Farmers' Market

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm 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
    -92.021075
    Latitude
    30.22603

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    FAQs

    What type of property is this?
    Land - 0.91 Acres, High-Density Potential
    Where is this land located?
    The property is located at 720 Lafayette St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $775,000.
    (337) 443-0880
    Request Owner's contact information
    720 Lafayette St Lafayette, LA 70501
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    Lafayette, LA 70501
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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
    720 Lafayette St Lafayette, LA 70501
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