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    1001 Ambassador Caffery Pkwy Lafayette, LA 70506

    For Sale
    $7,810,308

    High-traffic corner lot, prime commercial development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 16.3-acre commercial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Located at the highly visible intersection of Ambassador Caffery Parkway and Bertrand Drive, this property boasts a traffic signal, ensuring maximum exposure for any commercial venture. The site benefits from extremely high traffic counts, making it ideal for businesses seeking significant visibility and accessibility. The property is zoned CH Commercial Heavy, allowing for a wide range of development possibilities. Further enhancing its appeal, the land offers convenient access from the rear via Luke Drive, providing multiple points of entry and exit. Its proximity to Interstate 10 provides easy access to regional transportation networks. The asking price is $7,810,308, translating to a land value of $435,600 per acre. The property's APN is 6022574. This prime location, combined with its size and zoning, makes this a compelling opportunity for developers seeking a high-impact commercial development site in a thriving Louisiana market. The substantial lot size and strategic location offer significant potential for a variety of commercial uses, from retail and hospitality to multi-family developments. Don't miss this chance to acquire a truly exceptional commercial property in a high-growth area.

    Property Features for 1001 Ambassador Caffery Pkwy

    General Information

    Property type
    Multifamily properties
    Lot Size
    710,028 SF

    HighLights

    • $7,810,308 asking price for 16.3 acres of commercial land.
    • Located at 1001 Ambassador Caffery Pkwy, Lafayette, LA 70506.
    • CH Commercial Heavy zoning.
    • High‑traffic corner lot at Ambassador Caffery Pkwy and Bertrand Drive with traffic signal.
    • Access from Luke Drive.
    • Close proximity to I‑10.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0640265
    Latitude
    30.2276773

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    FAQs

    What type of property is this?
    Multifamily property - High-traffic corner lot, prime commercial development.
    Where is this multifamily property located?
    The property is located at 1001 Ambassador Caffery Pkwy Lafayette, LA.
    What is the asking price?
    The asking price for this property is $7,810,308.
    What are key features of this property?
    This property features: $7,810,308 asking price for 16.3 acres of commercial land.; Located at 1001 Ambassador Caffery Pkwy, Lafayette, LA 70506.; CH Commercial Heavy zoning.
    Request Owner's contact information
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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
    1001 Ambassador Caffery Pkwy Lafayette, LA 70506
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