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    503 Mudd Ave Lafayette, LA 70501

    For Sale
    $249,000

    High-traffic corner lot, auto shop included.

    Property size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property in Lafayette, Louisiana, presents a unique investment opportunity. Located at 503 Mudd Ave, this offering encompasses a 2,400 square foot automotive repair building situated on a prime corner lot, boasting dual frontage and excellent visibility. The property benefits from its strategic location along NE Evangeline Thwy, a high-traffic thoroughfare with approximately 36,924 vehicles passing daily, ensuring significant exposure for any business. The sale also includes an adjacent corner lot, increasing the total land area to approximately 0.27 acres, providing ample space for parking, expansion, or future development. The combined lots offer approximately 319 feet of total frontage, maximizing signage opportunities. The existing auto shop building is ready for immediate occupancy, making this an ideal opportunity for an owner-occupant or an investor seeking a high-demand location. The asking price is $249,000, translating to $103.75 per square foot. This property offers a compelling combination of high visibility, convenient access, and substantial land area, making it an attractive proposition in a thriving market. The address is 503 Mudd Ave, Lafayette, LA 70501.

    Property Features for 503 Mudd Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    2,400 SF
    Lot Size
    11,761 SF

    Building Details

    Buildings
    1

    HighLights

    • Prime corner lot with dual frontage on NE Evangeline Thruway, boasting ±36,924 vehicles per day.
    • Includes adjacent corner lot, totaling ±319 feet of frontage.
    • Excellent signage opportunities due to high visibility.
    • Strategic location near major thoroughfares.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RPM Automotive Auto Repair Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon 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
    -92.012754206874
    Latitude
    30.233196158225

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    FAQs

    What type of property is this?
    Automotive property - High-traffic corner lot, auto shop included.
    Where is this automotive property located?
    The property is located at 503 Mudd Ave Lafayette, LA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Prime corner lot with dual frontage on NE Evangeline Thruway, boasting ±36,924 vehicles per day.; Includes adjacent corner lot, totaling ±319 feet of frontage.; Excellent signage opportunities due to high visibility.
    Request Owner's contact information
    503 Mudd Ave Lafayette, LA 70501
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    Lafayette, LA 70501
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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
    503 Mudd Ave Lafayette, LA 70501
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