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    100 Woodrich Ln Lafayette, LA 70507

    Sponsored
    For Sale
    $600,000

    6-Acre prime commercial land, high traffic.

    Property size:
    261,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional 6-acre development opportunity in Lafayette, Louisiana, located at 100 Woodrich Ln, 70507. This vacant, mixed-use property boasts 261,360 square feet and is zoned for commercial development, offering a multitude of possibilities. The asking price is $600,000, translating to $2.30 per square foot and $100,000 per acre. Its prime location is 1.83 miles north of I-10, offering excellent visibility and accessibility. The property sits at the corner of Woodrich and North University, directly across from Acadia Vermillion Hospital, ensuring high traffic volume. Proximity to the Wetlands golf course and public transportation further enhances its appeal. Permitted uses include apartment buildings, restaurants, and pharmacies, making it ideal for a mixed-use development. This property is situated in an Opportunity Zone and is not located in a flood zone, adding significant investment value. The APN is 6142494. This is a rare chance to acquire a large, well-located parcel in a thriving Louisiana market.

    Property Features for 100 Woodrich Ln

    General Information

    Property type
    Restaurants
    Square Feet
    261,360 SF
    Lot Size
    261,360 SF

    HighLights

    • 6‑acre mixed‑use development site in Lafayette, LA.
    • $600,000 asking price; $2.30/SF; $100,000/acre.
    • Located at 100 Woodrich Ln, 70507, zoned for commercial development.
    • High traffic location near I‑10, Acadia Vermillion Hospital.
    • Opportunity Zone property, not in a flood zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.046992111911
    Latitude
    30.270217606465

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    FAQs

    What type of property is this?
    Restaurant - 6-Acre prime commercial land, high traffic.
    Where is this restaurant located?
    The property is located at 100 Woodrich Ln Lafayette, LA.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 6-acre mixed-use development site in Lafayette, LA.; $600,000 asking price; $2.30/SF; $100,000/acre.; Located at 100 Woodrich Ln, 70507, zoned for commercial development.
    Request Owner's contact information
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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
    100 Woodrich Ln Lafayette, LA 70507
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