Technical
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Property profile

1500 Ambassador Caffery Pkwy Lafayette, LA 70506

OFF-MARKET
Retail properties & Spaces
2.87 ac lot
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Property summary

AI-generated overview

This exceptional 2.87-acre commercial land parcel, located at 1500 Ambassador Caffery Pkwy in Lafayette, Louisiana, presents a unique investment opportunity. Priced at $490,000, or $170,731 per acre, this property boasts a highly desirable location within a thriving retail corridor, ensuring excellent visibility and accessibility. The property is zoned I1, allowing for a variety of commercial and industrial uses. City water and sewer are readily available on-site, simplifying development plans. The expansive lot size offers significant potential for various projects, from retail establishments to industrial facilities. The property's strategic location along Ambassador Caffery Pkwy guarantees high traffic counts, maximizing exposure for any future development. The APN is 6132141, and the zip code is 70506. This is a rare opportunity to acquire a substantial land parcel in a prime Lafayette location, offering significant potential for substantial return on investment. The property is situated in Lafayette Parish, Louisiana. The asking price translates to approximately $3.92 per square foot.

Property profile

Verified
Property type Retail properties & Spaces
Lot 2.87 ac (125,017 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1500 Ambassador Caffery Pkwy Lafayette, LA 70506
Lafayette metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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