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    103 Business Park Dr 2 Lafayette, LA 70508

    Sponsored
    For Sale
    $316,650

    Prime Lafayette location, 1.03 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1.03-acre lot is situated at 103 Business Park Drive 2, Lafayette, LA 70508, offering a fantastic opportunity for commercial development. Located in a new office park on Verot School Road, this property boasts exceptional visibility and convenient access. The land is zoned for manufacturing and is part of a development with planned restrictions. The asking price for this exceptional parcel is $316,650. This represents a rare chance to establish a presence in a thriving Lafayette business community. The property's prime location ensures high traffic volume and strong brand visibility. The new office park setting provides a professional and attractive environment for businesses. Prospective buyers should be aware that the development will have established restrictions. This land is ideal for businesses seeking a strategic location with excellent access and visibility. The property is ready for immediate development, presenting a unique opportunity for investors and businesses alike. Detailed information regarding zoning regulations and development restrictions is available upon request. Don't miss this chance to secure a prime piece of commercial real estate in Lafayette, Louisiana.

    Property Features for 103 Business Park Dr 2

    General Information

    Property type
    Manufacturing properties

    HighLights

    • $316,650 asking price for this industrial land parcel.
    • 1.03‑acre lot located in Lafayette, LA.
    • Situated in a new office park on Verot School Road with high visibility and accessibility.
    • Suitable for new commercial office construction; subject to park restrictions.
    • Owner/agent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0191236
    Latitude
    30.1669325

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    FAQs

    What type of property is this?
    Manufacturing property - Prime Lafayette location, 1.03 acres.
    Where is this manufacturing property located?
    The property is located at 103 Business Park Dr 2 Lafayette, LA.
    What is the asking price?
    The asking price for this property is $316,650.
    What are key features of this property?
    This property features: $316,650 asking price for this industrial land parcel.; 1.03-acre lot located in Lafayette, LA.; Situated in a new office park on Verot School Road with high visibility and accessibility.
    Request Owner's contact information
    103 Business Park Dr 2 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
    103 Business Park Dr 2 Lafayette, LA 70508
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