538 Settlers Trace Blvd Lafayette, LA 70508
- Retail properties
- 1.80 lot acres
Current Use by Public Records
- Retail properties
Property Details for 538 Settlers Trace Blvd
- Lot size
- 1.80 lot acres
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 1.8-acre commercial land parcel is ideally situated on Settlers Trace Boulevard in Lafayette, Louisiana, boasting excellent visibility and high traffic counts exceeding 20,000 vehicles per day. Zoned MN-1, this property presents a prime opportunity for retail development. Its strategic location offers unparalleled access to a thriving retail corridor, proximate to major developments including River Ranch, Ambassador Crossing, River Marketplace, Crossroads Annex, and Ambassador Town Center, all featuring a diverse mix of popular restaurants and retailers such as Whole Foods, Target, Ross, Kohl's, and many more. The area also benefits from the significant employment base generated by Our Lady of Lourdes Regional Medical Center and its affiliated hospital. A proposed development plan includes a 16,157 square foot building with suite sizes ranging from 1,200 to 16,157 square feet, offering flexible lease options. The asking price is $2,352,240, translating to $30 per square foot. This property represents a compelling investment opportunity in a high-growth area with strong demographics and established retail presence. The proposed building's projected delivery date is 2025. The property's zip code is 70508.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette Parish
- State
- Louisiana
- Longitude
- -92.0503
- Latitude
- 30.1615
