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    623 Pinhook Rd Lafayette, LA 70503

    Sponsored
    For Sale
    $1,241,325

    High-visibility corner lot, 49,653 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 49,653-square-foot commercial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Situated at the signalized intersection of West Pinhook Road and Mall Street, this highly visible lot boasts excellent exposure to the significant traffic flow along West Pinhook Road, a four-lane artery with a center turning lane. The CM-1 zoning permits a variety of development options, making it ideal for a wide range of commercial ventures. Its strategic location offers close proximity to Ochsner Lafayette General Medical Center, further enhancing its appeal and potential for high returns. The property is being sold based on its land value, representing a compelling opportunity for developers seeking a prime location in a thriving area. The site's proximity to the University of Louisiana at Lafayette (ULL) adds to its desirability, ensuring a consistent flow of potential customers and employees. This is a rare chance to acquire a substantial commercial lot in a highly trafficked area with exceptional visibility, promising significant long-term growth potential. The asking price is $1,241,325. The address is 623 W Pinhook Rd, Lafayette, LA 70503.

    Property Features for 623 Pinhook Rd

    General Information

    Property type
    Land

    HighLights

    • 49,653 SF commercial land parcel in Lafayette, LA, at the signalized intersection of W Pinhook Rd and Mall St.
    • High visibility and traffic counts on four‑lane W Pinhook Rd.
    • CM‑1 zoning allows diverse commercial development options.
    • Excellent location near Ochsner Lafayette General Medical Center and the University of Louisiana at Lafayette (ULL).
    • Asking price: $1,241,325. Address: 623 W Pinhook Rd, Lafayette, LA 70503.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store 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
    -92.011163
    Latitude
    30.207507

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    FAQs

    What type of property is this?
    Land - High-visibility corner lot, 49,653 sq ft.
    Where is this land located?
    The property is located at 623 Pinhook Rd Lafayette, LA.
    What is the asking price?
    The asking price for this property is $1,241,325.
    What are key features of this property?
    This property features: 49,653 SF commercial land parcel in Lafayette, LA, at the signalized intersection of W Pinhook Rd and Mall St.; High visibility and traffic counts on four-lane W Pinhook Rd.; CM-1 zoning allows diverse commercial development options.
    (504) 581-5005
    Request Owner's contact information
    623 Pinhook Rd Lafayette, LA 70503
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    Lafayette, LA 70503
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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
    623 Pinhook Rd Lafayette, LA 70503
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