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    208 Spring Farm Rd Lafayette, LA 70508

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    For Sale
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    1.12-acre commercial land, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.12-acre commercial land parcel is ideally situated on Spring Farm Road, just off the high-traffic Ambassador Caffery Parkway in Lafayette, Louisiana (zip code 70508). The property, zoned CH, offers unparalleled visibility with over 44,000 vehicles passing daily on Ambassador Caffery Parkway. This prime location boasts proximity to major retail destinations, including the Ambassador Town Center (featuring Costco, Chuy's, Dick's Sporting Goods, and more), as well as significant medical facilities like Our Lady of Lourdes Regional Medical Center and its affiliated Women's & Children's Hospital (employing over 3,000). The area also includes substantial medical and professional office parks (Cordoba and Province, totaling 160,000 square feet), a large private school (St. Thomas Moore), and a new luxury apartment complex (approximately 300 units). The site is perfect for build-to-suit opportunities, with retail suites ranging from 1,500 to 9,000 square feet available for lease at a rate of $40-60 per square foot (depending on size and lease terms), on a triple-net lease basis. The land itself is available for purchase at $33-35 per square foot, with delivery anticipated in 2024. Build-to-suit terms are available, and drive-thru opportunities exist. Building square footage is adjustable to meet specific needs. This property presents a unique investment opportunity in a thriving and rapidly developing area.

    Property Features for 208 Spring Farm Rd

    General Information

    Property type
    Land
    Lot Size
    48,787 SF

    HighLights

    • 1.12‑acre commercial land parcel in Lafayette, LA (70508), located on Spring Farm Road, off high‑traffic Ambassador Caffery Parkway.
    • High visibility with over 44,000 vehicles passing daily on Ambassador Caffery Parkway.
    • Zoned CH, near major retail (Ambassador Town Center), medical facilities (Our Lady of Lourdes), and office parks.
    • Build‑to‑suit opportunities available, with retail suites (1,500‑9,000 SF) leasing at $40‑60/SF NNN.
    • Land available for purchase at $33‑35/SF, delivery in 2024; drive‑thru potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.039983459795
    Latitude
    30.150968621126

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    FAQs

    What type of property is this?
    Land - 1.12-acre commercial land, high visibility.
    Where is this land located?
    The property is located at 208 Spring Farm Rd Lafayette, LA.
    What are key features of this property?
    This property features: 1.12-acre commercial land parcel in Lafayette, LA (70508), located on Spring Farm Road, off high-traffic Ambassador Caffery Parkway.; High visibility with over 44,000 vehicles passing daily on Ambassador Caffery Parkway.; Zoned CH, near major retail (Ambassador Town Center), medical facilities (Our Lady of Lourdes), and office parks.
    (225) 235-5755
    Request Owner's contact information
    208 Spring Farm Rd Lafayette, LA 70508
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    Lafayette, LA 70508
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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
    208 Spring Farm Rd Lafayette, LA 70508
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