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and I-10 University Ave Lafayette, LA 70506

For Sale
Contact for pricing

Prime Lafayette, LA commercial land

Description

Added:
Dec 11, 2024
Days on Market:
363
This exceptional commercial land offering presents a unique investment opportunity in Lafayette, Louisiana. Located at the high-traffic intersection of I-10 and University Avenue (Exit 101), this property boasts 1.36 to 2.87 acres across two tracts, strategically positioned within a corridor experiencing 112,296 daily vehicle counts. Its prime location offers unparalleled visibility from I-10, ensuring maximum exposure for any development. The property's CH (Commercial Heavy) zoning permits a wide range of uses, including retail, hotels, quick-service restaurants (QSR), warehouses, self-storage facilities, and multi-family residential projects. Parcels are subdividable to accommodate various development scales. Adding to its appeal, this land is situated within designated Economic Opportunity Zones, providing access to significant tax credits and benefits. The City of Lafayette has further enhanced the area's desirability through a special initiative focused on improving the aesthetics and functionality of the N. University Avenue corridor. This development-ready land offers exceptional potential for investors seeking a high-impact commercial venture in a thriving Louisiana market. The land is within 1,500 feet of the interstate exit ramp, providing easy access for customers and employees. The proximity to the University of Louisiana at Lafayette (approximately 14,000 students) presents additional market opportunities. Prices range from $435,600 to $566,280 per acre. This is a rare opportunity to acquire land in a high-growth area with significant potential for return on investment.

Property Features for and I-10 University Ave

General Information

Property type
Land
Lot Size
59,242 SF

HighLights

  • High‑traffic I‑10 & University Ave. location (Exit 101), 112,296 daily vehicle counts, excellent interstate visibility.
  • Flexible zoning (CH) allows retail, hotel, QSR, warehouse, self‑storage, and multi‑family uses.
  • Subdividable parcels to suit various development scales.
  • Located in Economic Opportunity Zones, offering significant tax benefits.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Lafayette
County
Lafayette
State
Louisiana
Longitude
-92.0346001
Latitude
30.24798047

FAQs

What type of property is this?
Land - Prime Lafayette, LA commercial land
Where is this land located?
The property is located at and I-10 University Ave Lafayette, LA.
What are key features of this property?
This property features: High-traffic I-10 & University Ave. location (Exit 101), 112,296 daily vehicle counts, excellent interstate visibility.; Flexible zoning (CH) allows retail, hotel, QSR, warehouse, self-storage, and multi-family uses.; Subdividable parcels to suit various development scales.
More about this property
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