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    3115 Pinhook Rd Lafayette, LA 70508

    For Sale
    $867,900

    Six-bay shop, 4,582 sq ft, 1.65 acres

    Property size:
    4,582 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,582 square foot automotive service center is available for purchase at $867,900. Located at 3115 W Pinhook Rd in Lafayette, Louisiana (zip code 70508), this property sits on a sizable 1.65-acre lot with 206+ feet of road frontage. The building features six service bays, 28 paved parking spaces, and is equipped with 3-phase electrical service, gas, water, and city sewer. Currently zoned I-1 (Light Industrial), this property presents a compelling opportunity for continued use as an auto shop or redevelopment. Its prime location in a growing area of Lafayette, situated between Verot School Road and Southpark, offers significant potential. The existing improvements provide a solid foundation for a variety of uses, making this a highly attractive investment prospect. The asking price is $867,900, translating to $189.42 per square foot. This is a rare opportunity to acquire a well-located, established commercial property in a thriving market.

    Property Features for 3115 Pinhook Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    4,582 SF
    Lot Size
    71,874 SF

    HighLights

    • 4,582 SF automotive service center on a 1.65‑acre lot for $867,900.
    • Located at 3115 W Pinhook Rd, Lafayette, LA 70508, with 206+ feet of road frontage.
    • Six service bays and 28 paved parking spaces.
    • Features 3‑phase power, gas, water, and city sewer; I‑1 zoning.
    • $189.42/SF; prime location in growing area between Verot School Rd and Southpark.
    Property Profile Location Intelligence

    Current Use by Public Records

    Midas Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -91.999560728428
    Latitude
    30.169669980107

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    FAQs

    What type of property is this?
    Automotive property - Six-bay shop, 4,582 sq ft, 1.65 acres
    Where is this automotive property located?
    The property is located at 3115 Pinhook Rd Lafayette, LA.
    What is the asking price?
    The asking price for this property is $867,900.
    What are key features of this property?
    This property features: 4,582 SF automotive service center on a 1.65-acre lot for $867,900.; Located at 3115 W Pinhook Rd, Lafayette, LA 70508, with 206+ feet of road frontage.; Six service bays and 28 paved parking spaces.
    (225) 778-5858
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    3115 Pinhook Rd Lafayette, LA 70508
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    Lafayette, LA 70508
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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
    3115 Pinhook Rd Lafayette, LA 70508
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