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

    117 Southcity Pkwy Lafayette, LA 70503

    For Sale
    $1,535,291

    Prime 3.06-acre commercial lot in Lafayette, LA. High-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3.06-acre commercial land parcel presents a unique investment opportunity in the thriving city of Lafayette, Louisiana. Located at 117 Southcity Parkway, this property boasts a highly desirable Commercial Heavy (CH) zoning designation, opening doors to a wide range of development possibilities. The lot is strategically situated between Giles Volvo and Sterling Kia, ensuring high visibility and accessibility for potential businesses. Its convenient location offers easy access to Johnston Street, a major thoroughfare in Lafayette, and is easily reached by traveling northbound on Ambassador Caffery Parkway from Kaliste Saloom Road, turning left onto Robely Drive, and continuing until it turns right onto Southcity Parkway. The property's size and zoning make it ideal for a variety of commercial ventures. The asking price is $1,535,291, translating to $523,104 per acre, reflecting the prime location and development potential. The property's APN is 6157024. This is a rare opportunity to acquire a substantial commercial lot in a high-growth area of Lafayette, offering significant long-term investment potential. Don't miss this chance to secure a prime piece of Lafayette real estate.

    Property Features for 117 Southcity Pkwy

    General Information

    Property type
    Land
    Lot Size
    133,294 SF

    HighLights

    • ±3.06‑acre parcel.
    • CH (Commercial Heavy) zoning.
    • Commercial lot directly off Johnston Street.
    • Strategically located between Giles Volvo and Sterling Kia dealerships.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0809891
    Latitude
    30.1647298

    Nearby Similar for Sale

    • $283,000
      2,000 SF

      Lafayette Quadplex with Rental Upside

      Fully occupied quadplex in Lafayette, LA with strong returns.
      114 Hummingbird Ln, Lafayette, LA 70506
      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
    • New
      $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
    • $465,000
      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
    • $450,000
      2,471 SF

      Lafayette Office For Sale

      Versatile office property suitable for various professional or commercial uses.
      3000 W Pinhook Rd, Lafayette, LA 70508
      View Details

    FAQs

    What type of property is this?
    Land - Prime 3.06-acre commercial lot in Lafayette, LA. High-traffic location.
    Where is this land located?
    The property is located at 117 Southcity Pkwy Lafayette, LA.
    What is the asking price?
    The asking price for this property is $1,535,291.
    What are key features of this property?
    This property features: ±3.06-acre parcel.; CH (Commercial Heavy) zoning.; Commercial lot directly off Johnston Street.
    Request Owner's contact information
    117 Southcity Pkwy Lafayette, LA 70503
    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.
    117 Southcity Pkwy
    Lafayette, LA 70503
    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
    117 Southcity Pkwy Lafayette, LA 70503
    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.