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    510 Albertson Pkwy Broussard, LA 70518

    For Sale
    $1,137,000

    8.7-acre commercial lot, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 8.7-acre commercial land parcel presents a unique investment opportunity in Broussard, Louisiana. Located at 510 Albertson Pkwy, the property boasts excellent visibility due to its frontage on Albertson Parkway and limited frontage on Ambassador Caffery Parkway. Its strategic location is only half a block from the new S. Bernard Extension to Pin Hook Road, ensuring high traffic counts and convenient access. The property's APN is 6131284. The asking price is $1,137,000, translating to a unit price of $130,689 per acre. While a portion of the land falls within the 100-year floodplain, the significant advantages of location and visibility make this a compelling prospect. Note that the street number is approximate. Existing easements include electric lines. Available utilities are limited to electricity

    Property Features for 510 Albertson Pkwy

    General Information

    Property type
    Land
    Lot Size
    378,972 SF

    HighLights

    • Nearest MSA: Lafayette, LA
    • County: Lafayette County, LA
    • Submarket/Township: Broussard, LA
    • Tax ID/APN: 6163078 (Note: Discrepancy between provided APN and listing description. Listing description shows APN 6131284)
    • Excellent visibility from Albertson Parkway and Ambassador Caffery Parkway
    • Existing easements for electric lines
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -91.976602
    Latitude
    30.1378851

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    FAQs

    What type of property is this?
    Land - 8.7-acre commercial lot, excellent visibility.
    Where is this land located?
    The property is located at 510 Albertson Pkwy Broussard, LA.
    What is the asking price?
    The asking price for this property is $1,137,000.
    What are key features of this property?
    This property features: Nearest MSA: Lafayette, LA; County: Lafayette County, LA; Submarket/Township: Broussard, LA
    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
    510 Albertson Pkwy Broussard, LA 70518
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