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    3450 Evangeline Thruway Lafayette, LA 70507

    For Sale
    $579,348

    Lafayette, LA Industrial Land: $579,348

    Property size:
    46,348 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.06-acre commercial lot, part of the Southpoint Commercial Park, presents a prime development opportunity in Lafayette, Louisiana. Located at 3450 NE Evangeline Thruway, Lot 1, this 46,348 square foot parcel is zoned for commercial use and boasts high visibility and traffic counts (68,719 vehicles per day). Its strategic location near the Gloria Switch Rd exit, at the intersection of Lafayette and Carencro, places it within a rapidly growing residential and commercial area. The property offers significant development potential, benefiting from its proximity to Interstate access and residential neighborhoods. The asking price is $579,348, translating to $12.50 per square foot. The APN is 6034590. This is a newly subdivided tract, and a proposed site plan illustrates potential divisions. The property's size and location make it ideal for a variety of commercial uses. The high traffic volume and visibility ensure excellent exposure for any business. This is a rare opportunity to acquire a well-positioned lot in a thriving market. The property is situated in Lafayette Parish, Louisiana, with a zip code of 70507.

    Property Features for 3450 Evangeline Thruway

    General Information

    Property type
    Land
    Square Feet
    46,348 SF
    Lot Size
    46,174 SF

    HighLights

    • Multiple newly subdivided tracts available, ranging from 1.064 to 2.363 acres.
    • Large 6‑acre rear tract also available.
    • Excellent development potential.
    • 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

    Map

    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 - Lafayette, LA Industrial Land: $579,348
    Where is this land located?
    The property is located at 3450 Evangeline Thruway 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: Multiple newly subdivided tracts available, ranging from 1.064 to 2.363 acres.; Large 6-acre rear tract also available.; Excellent development potential.
    Request Owner's contact information
    3450 Evangeline Thruway Lafayette, LA 70507
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    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 Thruway Lafayette, LA 70507
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