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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3450 Evangeline Thruway Lafayette, LA 70507

46,348 SF 1.06 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.06-acre commercial lot, part of the Southpoint Commercial Park, presents a prime development opportunity in Lafayette, Louisiana. Located at 3450 NE Evangeline Thruway, Lot 1, this 46,348 square foot parcel is zoned for commercial use and boasts high visibility and traffic counts (68,719 vehicles per day). Its strategic location near the Gloria Switch Rd exit, at the intersection of Lafayette and Carencro, places it within a rapidly growing residential and commercial area. The property offers significant development potential, benefiting from its proximity to Interstate access and residential neighborhoods. The asking price is $579,348, translating to $12.50 per square foot. The APN is 6034590. This is a newly subdivided tract, and a proposed site plan illustrates potential divisions. The property's size and location make it ideal for a variety of commercial uses. The high traffic volume and visibility ensure excellent exposure for any business. This is a rare opportunity to acquire a well-positioned lot in a thriving market. The property is situated in Lafayette Parish, Louisiana, with a zip code of 70507.

Property profile
Verified
Property type Retail properties & Spaces
Total area 46,348 SF
Lot 1.06 ac (46,174 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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