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    106 Bellevue Plantation Rd Lafayette, LA 70503

    For Sale
    $600,000

    Prime 2.14-acre commercial lot in Lafayette, LA.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.14-acre commercial parcel presents a unique investment opportunity in Lafayette, Louisiana. Located at 106 Bellevue Plantation Road, this property boasts a highly desirable location just off Johnston Street, offering excellent visibility and accessibility. The lot is conveniently situated behind the recently constructed Johnston Street Waffle House and backs up to the former Guidry Shopping Center, suggesting strong potential for synergistic development. The property is zoned CM-1 and MN-1, allowing for a variety of commercial uses, including office, retail, and multi-family developments. With a total asking price of $600,000, this translates to a price per acre of $327,103, reflecting the prime location and development potential. The property's APN is 6162818. This is a rare opportunity to acquire a significant land parcel in a thriving Lafayette commercial corridor. The property's size and zoning provide flexibility for a range of development projects, making it an attractive investment for both experienced developers and new ventures. Its strategic location offers easy access to major roadways and a dense population base, ensuring high visibility and potential for strong returns. Serious inquiries are encouraged.

    Property Features for 106 Bellevue Plantation Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    93,218 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.086498491762
    Latitude
    30.157002951149

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    FAQs

    What type of property is this?
    Multifamily property - Prime 2.14-acre commercial lot in Lafayette, LA.
    Where is this multifamily property located?
    The property is located at 106 Bellevue Plantation Rd Lafayette, LA.
    What is the asking price?
    The asking price for this property is $600,000.
    Request Owner's contact information
    106 Bellevue Plantation Rd Lafayette, LA 70503
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    Lafayette, LA 70503
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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
    106 Bellevue Plantation Rd Lafayette, LA 70503
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