0 Simcoe St Lafayette, LA 70501
This exceptional 3.66-acre commercial land parcel, located at Block E Simcoe Street in Lafayette, Louisiana (zip code 70501), presents a unique investment opportunity. Zoned for Heavy Commercial use, this property boasts a curbed frontage and offers significant potential for various ventures. The lot's size and zoning make it ideal for developments such as rental storage units, boat storage, or RV storage, a need currently unmet in the surrounding area, which includes the Oakwood Subdivision. The property's location offers convenient access to Surrey Street's car dealerships and proximity to the Lafayette airport. The asking price is $300,000, translating to approximately $81,922 per acre. While a significant portion of the land falls within Flood Zone X, the strategic location and lack of competing storage facilities in the area present a compelling case for development. The APN is 6153066. The property features numerous mature trees, adding to its aesthetic appeal and potential for landscaping. This is a rare opportunity to acquire a sizable commercial lot in a growing residential area with high demand for storage solutions.
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
Similar Nearby for Sale
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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.