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    2001 University Ave Lafayette, LA 70507

    For Sale
    Contact for pricing

    Subdividable commercial/industrial land. Excellent development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 1 to 21.07-acre parcel, located at 2001 N University Ave, Lafayette, LA 70507 (APN 6018296), presents a remarkable investment opportunity. Situated in Lafayette Parish, this unzoned land boasts excellent visibility at the corner of North University and Renaud Avenues, offering easy access to I-10 and I-49. The property is part of the planned Hero's Point development (Legal Description: SEC 14 T9S R4E) and is suitable for various commercial and industrial uses, including retail pad sites. The seller is willing to subdivide the land to accommodate specific development needs and will consider build-to-suit options for credit-worthy tenants. Directions: Take University north towards Carencro, LA. A TA Truck Stop will be on your left. Turn left on Renaud. Hero's Point is at the corner. This prime acreage offers significant potential for investors seeking a strategic location within the Lafayette MSA.

    Property Features for 2001 University Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    43,560 SF

    HighLights

    • Lafayette MSA location.
    • Lafayette Parish location.
    • Submarket: C.
    • Tax ID/APN: 6018296.
    • Corner lot at North University and Renaud Avenues.
    • Excellent visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -92.0407575
    Latitude
    30.2586642

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    FAQs

    What type of property is this?
    Individual retail property - Subdividable commercial/industrial land. Excellent development opportunity.
    Where is this individual retail property located?
    The property is located at 2001 University Ave Lafayette, LA.
    What are key features of this property?
    This property features: Lafayette MSA location.; Lafayette Parish location.; Submarket: C.
    Request Owner's contact information
    2001 University Ave Lafayette, LA 70507
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    Lafayette, LA 70507
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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
    2001 University Ave Lafayette, LA 70507
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