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and I-10 University Ave Lafayette, LA 70506

OFF-MARKET Land Google Maps
1.36 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Lafayette, Louisiana. Located at the high-traffic intersection of I-10 and University Avenue (Exit 101), this property boasts 1.36 to 2.87 acres across two tracts, strategically positioned within a corridor experiencing 112,296 daily vehicle counts. Its prime location offers unparalleled visibility from I-10, ensuring maximum exposure for any development. The property's CH (Commercial Heavy) zoning permits a wide range of uses, including retail, hotels, quick-service restaurants (QSR), warehouses, self-storage facilities, and multi-family residential projects. Parcels are subdividable to accommodate various development scales. Adding to its appeal, this land is situated within designated Economic Opportunity Zones, providing access to significant tax credits and benefits. The City of Lafayette has further enhanced the area's desirability through a special initiative focused on improving the aesthetics and functionality of the N. University Avenue corridor. This development-ready land offers exceptional potential for investors seeking a high-impact commercial venture in a thriving Louisiana market. The land is within 1,500 feet of the interstate exit ramp, providing easy access for customers and employees. The proximity to the University of Louisiana at Lafayette (approximately 14,000 students) presents additional market opportunities. Prices range from $435,600 to $566,280 per acre. This is a rare opportunity to acquire land in a high-growth area with significant potential for return on investment.

Property profile

Verified
Property type Land
Lot 1.36 ac (59,242 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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