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106 Oak Grv Ln Lafayette, LA 70506

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

Property summary

AI-generated overview

This exceptional 0.5-acre lot, identified as Lot 6 at 106 Oak Grove Lane in Lafayette, Louisiana (zip code 70506), presents a prime opportunity for immediate development. Situated within the Foreman Oaks Office Park, at the intersection of Eraste Landry and Foreman Drive, this property offers unparalleled convenience and visibility. Its location near I-10, between Lafayette High School and the intersection of Ambassador Caffery Parkway and Bertrand Drive, ensures high traffic volume and easy accessibility. The lot is perfectly suited for a professional or medical office building, catering to a diverse range of businesses, including financial institutions, insurance companies, legal practices, corporate offices, government agencies, counseling services, and various medical specialists. This is an excellent chance to own rather than lease office space. The Foreman Oaks Office Park encompasses a 9-acre tract with multiple lots available, ranging in size from 0.32 acres to 2.7 acres, allowing for flexibility in development plans. Build-to-suit options are also available, providing further customization opportunities. This property is classified as land, industrial, and manufacturing, and is listed at $138,000.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Value estimations

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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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