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    300 Albertson Pkwy Broussard, LA 70518

    For Sale
    $1,763,831

    10 Acres, Prime Broussard Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 10.12-acre commercial property presents a unique investment opportunity in the thriving Broussard, Louisiana market. Located at 300 Albertson Pkwy, this land parcel boasts a prime location between Albertson Parkway and Ambassador Caffery Parkway, enjoying high visibility and traffic flow. Its strategic positioning directly adjacent to Fezzo's Restaurant further enhances its desirability. The property is comprised of two tracts and is zoned for commercial use, opening doors to a wide range of development possibilities. With a total asking price of $1,763,831, the land offers a compelling price per acre of $174,291. The property's Class B designation reflects its potential for significant return on investment. The Lafayette Parish location, with a 70518 zip code, provides easy access to major transportation routes and amenities. This is an ideal opportunity for developers seeking a high-traffic location with significant commercial zoning potential in a rapidly growing area. The property's size and location make it suitable for a variety of commercial ventures, offering investors a chance to capitalize on the strong economic growth in Broussard. The APN is 6013362. Don't miss this chance to acquire a substantial piece of prime commercial real estate in a highly sought-after location.

    Property Features for 300 Albertson Pkwy

    General Information

    Property type
    Multifamily properties
    Class
    B
    Lot Size
    440,827 SF

    HighLights

    • Two land parcels situated between Albertson Pkwy and Ambassador Caffery Pkwy.
    • Adjacent to Fezzo's Restaurant on Ambassador Caffery Pkwy.
    • Commercially zoned, offering diverse development potential.
    • High‑traffic location in a prime area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office 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
    Broussard
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -91.9836393
    Latitude
    30.1360208

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    FAQs

    What type of property is this?
    Multifamily property - 10 Acres, Prime Broussard Location
    Where is this multifamily property located?
    The property is located at 300 Albertson Pkwy Broussard, LA.
    What is the asking price?
    The asking price for this property is $1,763,831.
    What are key features of this property?
    This property features: Two land parcels situated between Albertson Pkwy and Ambassador Caffery Pkwy.; Adjacent to Fezzo's Restaurant on Ambassador Caffery Pkwy.; Commercially zoned, offering diverse development potential.
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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
    300 Albertson Pkwy Broussard, LA 70518
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