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    203 Oak Grove Ln Lafayette, LA 70506

    For Sale
    $100,000

    Prime .36-acre lot, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional .36-acre lot, identified as Lot 13 at Foreman Oaks Office Park in Lafayette, Louisiana, presents a unique opportunity for immediate development. Situated at the corner of Eraste Landry and Foreman Drive, this property boasts an ideal location for a variety of professional and medical office uses. Potential industries include financial services, insurance, legal practices, corporate offices, government agencies, counseling centers, and various medical specialties (chiropractic, orthodontic, vision care, general practitioners, and specialists). The strategic location offers convenient access to I-10, placing it between Lafayette High School on Congress Street and the intersection of Ambassador Caffery Parkway and Bertrand Drive. This is a compelling alternative to leasing, allowing businesses to own their office space. The Foreman Oaks Office Park offers multiple lots ranging in size from .32 acres to 4 acres, providing flexibility for various development needs. A build-to-suit option is also available, catering to specific project requirements. The asking price for this exceptional .36-acre lot is $100,000. The property's address is 203 Oak Grove Lane, Lot 13, Lafayette, LA 70506. This is a truly remarkable opportunity to establish a presence in a thriving Lafayette location.

    Property Features for 203 Oak Grove Ln

    General Information

    Property type
    Manufacturing properties

    HighLights

    • .36‑acre lot (Lot 13) in Foreman Oaks Office Park, Lafayette, LA, ideal for immediate development.
    • Corner location at Eraste Landry and Foreman Drive, offering convenient I‑10 access.
    • Suitable for various professional and medical office uses.
    • $100,000 asking price.
    • Address: 203 Oak Grove Lane, Lot 13, Lafayette, LA 70506.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -92.063947
    Latitude
    30.21804

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    FAQs

    What type of property is this?
    Manufacturing property - Prime .36-acre lot, ready for development.
    Where is this manufacturing property located?
    The property is located at 203 Oak Grove Ln Lafayette, LA.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: .36-acre lot (Lot 13) in Foreman Oaks Office Park, Lafayette, LA, ideal for immediate development.; Corner location at Eraste Landry and Foreman Drive, offering convenient I-10 access.; Suitable for various professional and medical office uses.
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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
    203 Oak Grove Ln Lafayette, LA 70506
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