Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Evangeline Trwy Lafayette, LA 70507

    Sponsored
    For Sale
    $836,352

    High-traffic restaurant land, I-49 exit.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 1.2-acre commercial land parcel presents a prime opportunity for a restaurant or quick-service establishment. Located in Lafayette, Louisiana, at the I-49 exit 2, this property boasts ±1.197 acres of land with excellent visibility and accessibility from both E Gloria Switch and Hector Connoly Roads. The site is situated adjacent to a pre-owned dealership on the frontage road, just north of Gloria Switch Road, ensuring high traffic exposure. Daily traffic counts on I-49 exceed 50,000 vehicles, with an additional 10,973 vehicles on Gloria Switch Road, guaranteeing a substantial customer base. The asking price is $836,352, translating to $16 per square foot. This cash sale opportunity is ideal for investors seeking a high-return location in a thriving market. The property's APN is 6051492, and its legal description includes Section 1, T9S, R4E, and Sections 103 & 132, T8S, R4E. The property is zoned for hospitality, office, retail, retail-pad, and other commercial uses. This is a rare chance to secure a highly visible and accessible location in a rapidly growing area. Don't miss this chance to establish your business in a prime location with exceptional traffic flow.

    Property Features for 0 Evangeline Trwy

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • Mixed‑Use Property (Hospitality, Office, Retail, Retail Pad, & Other)
    • 1.2‑Acre Site
    • $16 per square foot Sale Price
    • $836,352 Total Sale Price
    • Cash Purchase Required
    • Cap Rate Confidential
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.023937
    Latitude
    30.297161

    Nearby Similar for Sale

    • $995,000
      2,200 SF

      Prime Retail Landmark on Johnston

      22,000 SF retail property on Lafayette's premier commercial artery.
      2015 Johnston St, Lafayette, LA 70503
      View Details
    • $359,000
      3,700 SF

      Lafayette Triplex Investment Opportunity

      Three-unit multifamily property in central Lafayette, currently rented.
      204 Carl St, Lafayette, LA 70506
      View Details
    • $1,250,000
      30,680 SF

      Lafayette Income-Producing Properties Package

      Package of 14 income-producing properties across Lafayette, Sunset, and Opelousas.
      305 Thelma Dr, Lafayette, LA 70506
      View Details
    • $597,500
      3,510 SF

      Downtown Lafayette Corner Opportunity

      Three properties on a bustling corner, endless potential uses.
      712 W Congress St, Lafayette, LA 70501
      View Details
    • $485,000
      6,720 SF

      Downtown Lafayette Restaurant Opportunity

      Renovated restaurant with development potential in downtown Lafayette.
      537 Jefferson St, Lafayette, LA 70501
      View Details
    • $237,000
      1,791 SF

      Renovated Duplex with Mixed-Use Zoning

      Centrally located, renovated duplex with short-term rental potential.
      301 S Pierce St, Lafayette, LA 70501
      View Details
    • $460,000
      3,700 SF

      Established Automotive Business Opportunity

      Successful automotive business with property and equipment for sale.
      401 8Th St, Lafayette, LA 70501
      View Details
    • $300,000
      2.95 Acres

      Unique Greenhouse on Spacious Land

      Three-acre lot featuring a Grand Palais-inspired greenhouse.
      4834 Moss Street Ext, Lafayette, LA 70507
      View Details
    • New
      $425,000
      2,471 SF

      Lafayette Office/Professional Opportunity

      Versatile commercial property suitable for office, community, or educational purposes.
      3000 W Pinhook Rd, Lafayette, LA 70508
      View Details
    • $220,000
      1,092 SF

      Turnkey Restaurant with Drive-Thru

      Equipped restaurant with drive-thru, ready for immediate operation.
      710 Huval St, Lafayette, LA 70506
      View Details
    • $215,000
      1,795 SF

      Renovated Duplex in Central Lafayette

      Newly renovated duplex with immediate revenue potential in a prime location.
      409 Daniel Dr, Lafayette, LA 70503
      View Details
    • $1,450,000
      4,917 SF

      Lafayette Office/Retail Building For Sale

      Upscale office and retail building in a prime Lafayette location.
      4503 Johnston St, Lafayette, LA 70503
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic restaurant land, I-49 exit.
    Where is this land located?
    The property is located at Evangeline Trwy Lafayette, LA.
    What is the asking price?
    The asking price for this property is $836,352.
    What are key features of this property?
    This property features: Mixed-Use Property (Hospitality, Office, Retail, Retail Pad, & Other); 1.2-Acre Site; $16 per square foot Sale Price
    Request Owner's contact information
    Evangeline Trwy Lafayette, LA 70507
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Evangeline Trwy
    Lafayette, LA 70507
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Evangeline Trwy Lafayette, LA 70507
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.