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    242 Diesel Dr Scott, LA 70583

    For Sale
    $695,000

    Scott, LA Industrial/Commercial Tract

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 11.1-acre commercial and industrial land parcel is strategically located in Scott, Louisiana, at 242 Diesel Drive, 70583. Situated in the northwest quadrant of the Ambassador Caffery exit on I-10, this rectangular, flat, and cleared site offers multiple access points to public roads, and potential access directly to the I-10 on/off ramp. Zoned AH, the property presents opportunities for various developments, including single or multi-user industrial projects or smaller-scale residential construction, though flood zone limitations should be considered. The site enjoys high visibility from both Ambassador Caffery Parkway and I-10, benefiting from the heavy traffic flow of this major Acadiana thoroughfare. Its location near the Scott/Lafayette border provides easy access to the bustling Lafayette metropolitan area. The property's proximity to the I-10 and I-49 interchange (2 miles west) further enhances its strategic value and accessibility. This is a rare opportunity to acquire a well-positioned tract of land with significant development potential in a rapidly growing area. The asking price is $695,000.

    Property Features for 242 Diesel Dr

    General Information

    Property type
    Land
    Lot Size
    483,516 SF

    HighLights

    • 11.1‑acre commercial/industrial land parcel in Scott, LA.
    • Located at 242 Diesel Drive, 70583, with excellent I‑10 visibility near Ambassador Caffery exit.
    • Rectangular, flat, cleared site with multiple road access points and potential I‑10 access.
    • AH zoning allows for industrial, multi‑user, or smaller residential development (flood zone considerations apply).
    • High visibility from I‑10 and Ambassador Caffery Parkway, near Scott/Lafayette border and I‑49 interchange.
    • Asking price: $695,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Scott
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0627146
    Latitude
    30.2505038

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    FAQs

    What type of property is this?
    Land - Scott, LA Industrial/Commercial Tract
    Where is this land located?
    The property is located at 242 Diesel Dr Scott, LA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 11.1-acre commercial/industrial land parcel in Scott, LA.; Located at 242 Diesel Drive, 70583, with excellent I-10 visibility near Ambassador Caffery exit.; Rectangular, flat, cleared site with multiple road access points and potential I-10 access.
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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
    242 Diesel Dr Scott, LA 70583
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