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    3300 Evangeline Trwy Lafayette, LA 70507

    For Sale
    $985,000

    10+ acres, I-49 interchange, high growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5.01 to 10.42-acre commercial and industrial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Strategically located at 3300 NW Evangeline Trwy, this fully assembled site sits on the northwest quadrant of the I-49 and Gloria Switch Road interchange. The property's prime location benefits from the robust growth experienced in both the residential and commercial sectors of Lafayette and Carencro, two cities converging at this location. This is one of the last remaining large corner sites available at an I-49 interchange, offering significant development potential. The configuration allows for the construction of a major anchor tenant, along with the creation of multiple smaller pad sites along the frontage road. The asking price is $985,000, translating to an attractive price per acre of $196,489. The property's APN is 6028238. This site offers unparalleled visibility and accessibility, making it ideal for a variety of commercial and industrial uses. Don't miss this chance to acquire a premier property in a thriving Louisiana market. The property is located in Lafayette County, Louisiana, zip code 70507.

    Property Features for 3300 Evangeline Trwy

    General Information

    Property type
    Land
    Lot Size
    218,236 SF

    HighLights

    • 5.01 to 10.42‑acre commercial/industrial land parcel in Lafayette, LA.
    • Located at 3300 NW Evangeline Trwy, at the I‑49 and Gloria Switch Road interchange.
    • Prime location in a high‑growth area, one of the last large corner sites at this I‑49 interchange.
    • Allows for a major anchor tenant plus multiple smaller pad sites.
    • Asking price: $985,000 ($196,489/acre); APN: 6028238.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0181678
    Latitude
    30.2674424

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    FAQs

    What type of property is this?
    Land - 10+ acres, I-49 interchange, high growth area.
    Where is this land located?
    The property is located at 3300 Evangeline Trwy Lafayette, LA.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: 5.01 to 10.42-acre commercial/industrial land parcel in Lafayette, LA.; Located at 3300 NW Evangeline Trwy, at the I-49 and Gloria Switch Road interchange.; Prime location in a high-growth area, one of the last large corner sites at this I-49 interchange.
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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
    3300 Evangeline Trwy Lafayette, LA 70507
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