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    4600 Congress St Lafayette, LA 70506

    Sponsored
    For Sale
    $305,000

    1.06-acre lot, ideal location, $305,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.06-acre commercial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Located at 4600 W Congress Street, this property boasts a highly desirable MN-1 zoning designation, making it suitable for a variety of commercial ventures. The lot is situated at the entrance to the Quarter Subdivision, providing excellent visibility and accessibility. Its strategic location offers close proximity to major amenities, including Ochsner's Hospital, Walgreens, Albertsons grocery store, CC's Coffee, Prairie School, and St. Edmond Church, ensuring high traffic and convenient access for potential businesses. The property features municipal water and sewer services, along with readily available cable infrastructure. The asking price is $305,000, translating to approximately $287,736 per acre, reflecting the significant value of this prime commercial land in a thriving Lafayette location. The APN is 6030132. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly developing area of Lafayette. Don't miss out on this chance to establish your business in a high-demand location.

    Property Features for 4600 Congress St

    General Information

    Property type
    Land
    Lot Size
    46,174 SF

    HighLights

    • 1.06‑acre commercial lot in Lafayette, LA, at 4600 W Congress Street.
    • MN‑1 zoning allows for diverse commercial uses.
    • High visibility location at the entrance to the Quarter Subdivision.
    • Excellent access to major amenities including Ochsner's Hospital and other retailers.
    • Municipal water and sewer, plus cable available.
    • Asking price: $305,000 ($287,736/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -92.0835581
    Latitude
    30.1958458

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    FAQs

    What type of property is this?
    Land - 1.06-acre lot, ideal location, $305,000
    Where is this land located?
    The property is located at 4600 Congress St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $305,000.
    What are key features of this property?
    This property features: 1.06-acre commercial lot in Lafayette, LA, at 4600 W Congress Street.; MN-1 zoning allows for diverse commercial uses.; High visibility location at the entrance to the Quarter Subdivision.
    (337) 654-2591
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    4600 Congress St Lafayette, LA 70506
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    Lafayette, LA 70506
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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
    4600 Congress St Lafayette, LA 70506
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