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    3324 Evangeline Thruway Lafayette, LA 70507

    Sponsored
    For Sale
    $6,000,000

    Prime 11-acre development site, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 11.278-acre commercial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Strategically located at the northeast quadrant of I-49 at the Gloria Switch Exit, this corner lot boasts unparalleled visibility and accessibility. The property features a signalized intersection, vast frontage on two high-traffic streets, and multiple access points, making it ideal for a variety of retail developments. Zoned for Parish use, this site benefits from I-49's impressive daily traffic count of 75,344 vehicles. The location is further enhanced by Carencro's expanding population and the addition of new residential areas, creating a strong and growing market. With a total asking price of $6,000,000, this equates to $950,072 per acre, reflecting the exceptional value and potential of this premier development site. The address is 3324 NE Evangeline Thruway, Lafayette, LA 70507. This property offers developers a rare combination of high visibility, convenient access, and a thriving market, making it an exceptional investment opportunity.

    Property Features for 3324 Evangeline Thruway

    General Information

    Property type
    Land
    Lot Size
    491,270 SF

    HighLights

    • 11.278‑acre retail development site in Lafayette, LA.
    • Excellent interstate visibility at I‑49 and Gloria Switch Exit.
    • Multiple access points and signalized intersection on high‑traffic streets.
    • High traffic counts (75,344 vehicles daily on I‑49).
    • Strong, growing market due to expanding population and new residential areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0240231
    Latitude
    30.2977916

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    FAQs

    What type of property is this?
    Land - Prime 11-acre development site, high traffic.
    Where is this land located?
    The property is located at 3324 Evangeline Thruway Lafayette, LA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: 11.278-acre retail development site in Lafayette, LA.; Excellent interstate visibility at I-49 and Gloria Switch Exit.; Multiple access points and signalized intersection on high-traffic streets.
    Request Owner's contact information
    3324 Evangeline Thruway 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
    3324 Evangeline Thruway Lafayette, LA 70507
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