Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    106 Oak Grove Ln Lafayette, LA 70506

    For Sale
    $138,000

    Half-acre lot, ideal for office development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.5-acre lot, identified as Lot 6 at 106 Oak Grove Lane in Lafayette, Louisiana (zip code 70506), presents a prime opportunity for immediate development. Situated within the Foreman Oaks Office Park, at the intersection of Eraste Landry and Foreman Drive, this property offers unparalleled convenience and visibility. Its location near I-10, between Lafayette High School and the intersection of Ambassador Caffery Parkway and Bertrand Drive, ensures high traffic volume and easy accessibility. The lot is perfectly suited for a professional or medical office building, catering to a diverse range of businesses, including financial institutions, insurance companies, legal practices, corporate offices, government agencies, counseling services, and various medical specialists. This is an excellent chance to own rather than lease office space. The Foreman Oaks Office Park encompasses a 9-acre tract with multiple lots available, ranging in size from 0.32 acres to 2.7 acres, allowing for flexibility in development plans. Build-to-suit options are also available, providing further customization opportunities. This property is classified as land, industrial, and manufacturing, and is listed at $138,000.

    Property Features for 106 Oak Grove Ln

    General Information

    Property type
    Manufacturing properties

    HighLights

    • $138,000 asking price.
    • 0.5‑acre lot in Lafayette, LA, suitable for professional or medical office building.
    • Located in Foreman Oaks Office Park, near I‑10 and major thoroughfares.
    • Multiple lot sizes available (0.32 to 2.7 acres), build‑to‑suit options available.
    • Located at 106 Oak Grove Lane, Lot 6, 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
    -92.062999
    Latitude
    30.217851

    Nearby Similar for Sale

    • $283,000
      2,000 SF

      Lafayette Quadplex with Rental Upside

      Fully occupied quadplex in Lafayette, LA with strong returns.
      114 Hummingbird Ln, Lafayette, LA 70506
      View Details
    • $485,000
      6,720 SF

      Downtown Lafayette Restaurant Opportunity

      Renovated restaurant with development potential in downtown Lafayette.
      537 Jefferson St, Lafayette, LA 70501
      View Details
    • New
      $237,000
      1,791 SF

      Renovated Duplex with Mixed-Use Zoning

      Centrally located, renovated duplex with short-term rental potential.
      301 S Pierce St, Lafayette, LA 70501
      View Details
    • $465,000
      3,700 SF

      Established Automotive Business Opportunity

      Successful automotive business with property and equipment for sale.
      401 8Th St, Lafayette, LA 70501
      View Details
    • $300,000
      2.95 Acres

      Unique Greenhouse on Spacious Land

      Three-acre lot featuring a Grand Palais-inspired greenhouse.
      4834 Moss Street Ext, Lafayette, LA 70507
      View Details
    • $450,000
      2,471 SF

      Lafayette Office For Sale

      Versatile office property suitable for various professional or commercial uses.
      3000 W Pinhook Rd, Lafayette, LA 70508
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Half-acre lot, ideal for office development.
    Where is this manufacturing property located?
    The property is located at 106 Oak Grove Ln Lafayette, LA.
    What is the asking price?
    The asking price for this property is $138,000.
    What are key features of this property?
    This property features: $138,000 asking price.; 0.5-acre lot in Lafayette, LA, suitable for professional or medical office building.; Located in Foreman Oaks Office Park, near I-10 and major thoroughfares.
    Request Owner's contact information
    106 Oak Grove Ln Lafayette, LA 70506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    106 Oak Grove Ln
    Lafayette, LA 70506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    106 Oak Grove Ln Lafayette, LA 70506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.