701 St Nazaire Rd Broussard, LA 70518
This exceptional 7.97-acre parcel presents a unique investment opportunity at the main entrance to St. Julien Park in Broussard, Louisiana. Located at 701 St Nazaire Rd, zip code 70518, this property boasts a highly desirable location adjacent to the Broussard Sports Complex, ensuring significant visibility and accessibility. The land is zoned for Light Industrial use, offering flexibility for a variety of development projects. All public utilities are readily available, simplifying the development process. The asking price is $3,124,600, translating to $392,045 per acre, reflecting the prime location and development potential. The property's Assessed Parcel Number (APN) is 6162344. Situated in Lafayette Parish, Louisiana, this land benefits from its proximity to the Lafayette MSA, a thriving economic hub. While the street number is approximate, the property's strategic location at the entrance to St. Julien Park guarantees high traffic and exposure, making it ideal for commercial or residential development. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area with excellent infrastructure and accessibility. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.