2001 University Ave, Lafayette, LA 70507
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.
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.