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    400 Ln 96 Broussard, LA 70518

    For Sale
    $1,350,000

    6.2 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 6.2-acre commercial land parcel is strategically located in Broussard, Louisiana, at 400 LA 96. Boasting high visibility and accessibility, this property offers significant development potential. The land fronts Highway 96, providing excellent exposure for any commercial venture. Its adjacency to St. Julien Park (Broussard Sports Complex) presents a unique opportunity to capitalize on the high traffic and recreational activity in the area. The property is identified as Parcel E on a filed sketch (OM/Flyer). The approximate street number is 400 LA 96. The Lafayette Parish location offers easy access to the Lafayette MSA. The asking price for this prime commercial land is $1,350,000, translating to approximately $217,741 per acre. The tax ID/APN is 6149952. This is a rare opportunity to acquire a sizable, well-situated commercial lot in a thriving Louisiana community. Serious inquiries are encouraged. The property's size and location make it ideal for a variety of commercial developments. Don't miss this chance to secure a valuable asset in a high-growth market.

    Property Features for 400 Ln 96

    General Information

    Property type
    Land
    Lot Size
    270,072 SF

    HighLights

    • Nearest MSA: Lafayette, LA
    • Lafayette Parish, LA
    • Tax ID/APN: 6149952
    • 6.2‑acre commercial land parcel
    • Asking Price: $1,350,000 ($217,741 per acre)
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Broussard
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -91.9031987
    Latitude
    30.1308952

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    FAQs

    What type of property is this?
    Land - 6.2 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 400 Ln 96 Broussard, LA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Nearest MSA: Lafayette, LA; Lafayette Parish, LA; Tax ID/APN: 6149952
    Request Owner's contact information
    400 Ln 96 Broussard, LA 70518
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    Broussard, LA 70518
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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
    400 Ln 96 Broussard, LA 70518
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