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    701 St Nazaire Rd Broussard, LA 70518

    Sponsored
    For Sale
    $3,124,600

    8 Acres, High-Visibility Location, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.97-acre parcel presents a unique investment opportunity at the main entrance to St. Julien Park in Broussard, Louisiana. Located at 701 St Nazaire Rd, zip code 70518, this property boasts a highly desirable location adjacent to the Broussard Sports Complex, ensuring significant visibility and accessibility. The land is zoned for Light Industrial use, offering flexibility for a variety of development projects. All public utilities are readily available, simplifying the development process. The asking price is $3,124,600, translating to $392,045 per acre, reflecting the prime location and development potential. The property's Assessed Parcel Number (APN) is 6162344. Situated in Lafayette Parish, Louisiana, this land benefits from its proximity to the Lafayette MSA, a thriving economic hub. While the street number is approximate, the property's strategic location at the entrance to St. Julien Park guarantees high traffic and exposure, making it ideal for commercial or residential development. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area with excellent infrastructure and accessibility. Serious inquiries are encouraged.

    Property Features for 701 St Nazaire Rd

    General Information

    Property type
    Land
    Lot Size
    347,173 SF

    HighLights

    • MSA: Lafayette, LA
    • County: Lafayette Parish, LA
    • Submarket: H
    • Tax Parcel ID: 6162344
    • Zoning: Light Industrial
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Broussard
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -91.9345398
    Latitude
    30.1399186

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    FAQs

    What type of property is this?
    Land - 8 Acres, High-Visibility Location, Development Ready
    Where is this land located?
    The property is located at 701 St Nazaire Rd Broussard, LA.
    What is the asking price?
    The asking price for this property is $3,124,600.
    What are key features of this property?
    This property features: MSA: Lafayette, LA; County: Lafayette Parish, LA; Submarket: H
    Request Owner's contact information
    701 St Nazaire Rd 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
    701 St Nazaire Rd Broussard, LA 70518
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