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    OFF-MARKET
    Land

    2001 University Ave, Lafayette, LA 70507

    1 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1 to 21.07-acre parcel, located at 2001 N University Ave, Lafayette, LA 70507 (APN 6018296), presents a remarkable investment opportunity. Situated in Lafayette Parish, this unzoned land boasts excellent visibility at the corner of North University and Renaud Avenues, offering easy access to I-10 and I-49. The property is part of the planned Hero's Point development (Legal Description: SEC 14 T9S R4E) and is suitable for various commercial and industrial uses, including retail pad sites. The seller is willing to subdivide the land to accommodate specific development needs and will consider build-to-suit options for credit-worthy tenants. Directions: Take University north towards Carencro, LA. A TA Truck Stop will be on your left. Turn left on Renaud. Hero's Point is at the corner. This prime acreage offers significant potential for investors seeking a strategic location within the Lafayette MSA.

    Property profile
    Verified
    Property type Land
    Lot 1 ac (43,560 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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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