Current Use by Public Records
- Land
Property Details for 208 Spg Farm Rd
- Lot size
- 1.12 lot acres
- Property type
- Land
Description
This exceptional 1.12-acre commercial land parcel is ideally situated on Spring Farm Road, just off the high-traffic Ambassador Caffery Parkway in Lafayette, Louisiana (zip code 70508). The property, zoned CH, offers unparalleled visibility with over 44,000 vehicles passing daily on Ambassador Caffery Parkway. This prime location boasts proximity to major retail destinations, including the Ambassador Town Center (featuring Costco, Chuy's, Dick's Sporting Goods, and more), as well as significant medical facilities like Our Lady of Lourdes Regional Medical Center and its affiliated Women's & Children's Hospital (employing over 3,000). The area also includes substantial medical and professional office parks (Cordoba and Province, totaling 160,000 square feet), a large private school (St. Thomas Moore), and a new luxury apartment complex (approximately 300 units). The site is perfect for build-to-suit opportunities, with retail suites ranging from 1,500 to 9,000 square feet available for lease at a rate of $40-60 per square foot (depending on size and lease terms), on a triple-net lease basis. The land itself is available for purchase at $33-35 per square foot, with delivery anticipated in 2024. Build-to-suit terms are available, and drive-thru opportunities exist. Building square footage is adjustable to meet specific needs. This property presents a unique investment opportunity in a thriving and rapidly developing area.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette Parish
- State
- Louisiana
- Longitude
- -92.04
- Latitude
- 30.151
