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    3450 Evangeline Trwy Lafayette, LA 70507

    For Sale
    $579,348

    1.06-acre industrial lot, prime Lafayette location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.06-acre industrial land parcel, located at 3450 NE Evangeline Trwy, Lot 1, in Lafayette, Louisiana (zip code 70507), presents a compelling investment opportunity. Priced at $579,348, this property boasts a land value of $12.50 per square foot. The lot is part of a larger, newly subdivided development, offering significant potential for various commercial or industrial uses. Its strategic location along the frontage road, near the Gloria Switch Rd exit, provides high visibility and accessibility. The area experiences substantial traffic volume, averaging 68,719 vehicles per day, and is experiencing robust residential and commercial growth. The property's proximity to residential neighborhoods and Interstate access further enhances its appeal. The APN is 6034590. This site is well-suited for a multitude of end uses due to its advantageous location and high traffic counts. While the original development plan included larger tracts, this 1.06-acre lot is now available for immediate development.

    Property Features for 3450 Evangeline Trwy

    General Information

    Property type
    Land
    Lot Size
    46,174 SF

    HighLights

    • Newly subdivided parcels available for sale.
    • Lots ranging from 1.064 to 3.287 acres.
    • Excellent development opportunity.
    • High‑visibility location.
    • High traffic counts (68,719 vehicles per day).
    • Located in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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 Parish
    State
    Louisiana
    Longitude
    -92.0269555
    Latitude
    30.3041639

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    FAQs

    What type of property is this?
    Land - 1.06-acre industrial lot, prime Lafayette location.
    Where is this land located?
    The property is located at 3450 Evangeline Trwy Lafayette, LA.
    What is the asking price?
    The asking price for this property is $579,348.
    What are key features of this property?
    This property features: Newly subdivided parcels available for sale.; Lots ranging from 1.064 to 3.287 acres.; Excellent development opportunity.
    Request Owner's contact information
    3450 Evangeline Trwy 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
    3450 Evangeline Trwy Lafayette, LA 70507
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