3450 Evangeline Trwy Lafayette, LA 70507
This exceptional 1.06-acre industrial land parcel, located at 3450 NE Evangeline Trwy, Lot 1, in Lafayette, Louisiana (zip code 70507), presents a compelling investment opportunity. Priced at $579,348, this property boasts a land value of $12.50 per square foot. The lot is part of a larger, newly subdivided development, offering significant potential for various commercial or industrial uses. Its strategic location along the frontage road, near the Gloria Switch Rd exit, provides high visibility and accessibility. The area experiences substantial traffic volume, averaging 68,719 vehicles per day, and is experiencing robust residential and commercial growth. The property's proximity to residential neighborhoods and Interstate access further enhances its appeal. The APN is 6034590. This site is well-suited for a multitude of end uses due to its advantageous location and high traffic counts. While the original development plan included larger tracts, this 1.06-acre lot is now available for immediate development.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.