700 Westgate Rd Lafayette, LA 70506
This exceptional 0.72-acre commercial property in Lafayette, Louisiana, presents a unique investment opportunity. Located at 700 Westgate Rd, 70506, this vacant retail space boasts a 640 square foot building ideally suited for a quick-service restaurant, grocery store, or similar establishment. The property's significant advantage lies in its double drive-thru configuration, a highly desirable feature for maximizing efficiency and customer convenience. The asking price is $599,000, translating to a price per square foot of $935.94. The property's size and location within Lafayette Parish make it an attractive prospect for businesses seeking high visibility and accessibility. The site is currently vacant, offering immediate occupancy for the successful buyer. This is a rare opportunity to acquire a well-positioned commercial property with significant potential for growth and profitability in a thriving Louisiana market. The property's zoning and permitted uses should be independently verified. This is a priced-to-sell opportunity.
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
Similar Nearby for Lease
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.