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Property profile & analytics
OFF-MARKET
Land

0 Evangeline Trwy Lafayette, LA 70507

1.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.2-acre commercial land parcel presents a prime opportunity for a restaurant or quick-service establishment. Located in Lafayette, Louisiana, at the I-49 exit 2, this property boasts ±1.197 acres of land with excellent visibility and accessibility from both E Gloria Switch and Hector Connoly Roads. The site is situated adjacent to a pre-owned dealership on the frontage road, just north of Gloria Switch Road, ensuring high traffic exposure. Daily traffic counts on I-49 exceed 50,000 vehicles, with an additional 10,973 vehicles on Gloria Switch Road, guaranteeing a substantial customer base. The asking price is $836,352, translating to $16 per square foot. This cash sale opportunity is ideal for investors seeking a high-return location in a thriving market. The property's APN is 6051492, and its legal description includes Section 1, T9S, R4E, and Sections 103 & 132, T8S, R4E. The property is zoned for hospitality, office, retail, retail-pad, and other commercial uses. This is a rare chance to secure a highly visible and accessible location in a rapidly growing area. Don't miss this chance to establish your business in a prime location with exceptional traffic flow.

Property profile
Verified
Property type Land
Lot 1.2 ac (52,272 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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