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Property profile

117 Southcity Pkwy Lafayette, LA 70503

OFF-MARKET
Land
3.06 ac lot
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Property summary

AI-generated overview

This exceptional 3.06-acre commercial land parcel presents a unique investment opportunity in the thriving city of Lafayette, Louisiana. Located at 117 Southcity Parkway, this property boasts a highly desirable Commercial Heavy (CH) zoning designation, opening doors to a wide range of development possibilities. The lot is strategically situated between Giles Volvo and Sterling Kia, ensuring high visibility and accessibility for potential businesses. Its convenient location offers easy access to Johnston Street, a major thoroughfare in Lafayette, and is easily reached by traveling northbound on Ambassador Caffery Parkway from Kaliste Saloom Road, turning left onto Robely Drive, and continuing until it turns right onto Southcity Parkway. The property's size and zoning make it ideal for a variety of commercial ventures. The asking price is $1,535,291, translating to $523,104 per acre, reflecting the prime location and development potential. The property's APN is 6157024. This is a rare opportunity to acquire a substantial commercial lot in a high-growth area of Lafayette, offering significant long-term investment potential. Don't miss this chance to secure a prime piece of Lafayette real estate.

Property profile

Verified
Property type Land
Lot 3.06 ac (133,294 SF)

Cap rate & NOI

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

Location

117 Southcity Pkwy Lafayette, LA 70503
Lafayette metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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