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    800 Teurlings Dr Lafayette, LA 70501

    Sponsored
    For Sale
    $1,940,598

    Prime Lafayette location, ideal for development. All utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.425-acre commercial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Strategically located at the corner of Teurlings Drive and Lajaunie Drive, this property enjoys high visibility and accessibility. Its prime position directly across from the David Thibodeaux STEM Academy ensures consistent traffic and a strong potential customer base. The land sits at the front of the burgeoning Cedar Creek Subdivision, a newly developed community with a planned total of 305 lots upon completion, guaranteeing future growth and increased property value. Currently zoned residential (Res), the sellers are willing to assist with the rezoning process to accommodate light commercial development, making this an ideal site for a strip center or similar commercial venture. All public utilities are readily available, simplifying the development process and minimizing upfront costs. This exceptional location, combined with the potential for significant future growth, makes this a truly compelling investment opportunity. Don't miss the chance to secure this prime commercial land parcel in a thriving Lafayette community.

    Property Features for 800 Teurlings Dr

    General Information

    Property type
    Land
    Lot Size
    323,433 SF

    HighLights

    • $1,940,598 asking price for 7.425 acres of commercial land.
    • Located at the corner of Teurlings Drive and Lajaunie Drive in Lafayette, LA, 70501.
    • Across from David Thibodeaux STEM Academy.
    • Fronts the recently developed Cedar Creek Subdivision (305 lots upon completion), ideal for a strip center.
    • Seller will assist with rezoning from residential to light commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -91.9885533
    Latitude
    30.2472575

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    FAQs

    What type of property is this?
    Land - Prime Lafayette location, ideal for development. All utilities available.
    Where is this land located?
    The property is located at 800 Teurlings Dr Lafayette, LA.
    What is the asking price?
    The asking price for this property is $1,940,598.
    What are key features of this property?
    This property features: $1,940,598 asking price for 7.425 acres of commercial land.; Located at the corner of Teurlings Drive and Lajaunie Drive in Lafayette, LA, 70501.; Across from David Thibodeaux STEM Academy.
    Request Owner's contact information
    800 Teurlings Dr Lafayette, LA 70501
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    Lafayette, LA 70501
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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
    800 Teurlings Dr Lafayette, LA 70501
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