1229 Evangeline Thwy Lafayette, LA 70501
This expansive 234,623-square-foot industrial property in Lafayette, Louisiana, presents a significant investment opportunity. Located at 1229 NW Evangeline Thwy, 70501, this single-story building sits on a 23.87-acre lot and is zoned CH. The property features a 100,000-square-foot net rentable area, suitable for owner-user or multi-tenant occupancy. Built in 2001 and renovated in 2001, the structure offers three dock-high doors and is climate-controlled (heated and cooled). The dimensions are approximately 310 feet by 325 feet. This versatile space is well-suited for various industrial uses, including distribution, flexible manufacturing, research and development, and even data hosting. The property boasts high-speed fiber Gigabit internet connectivity. The building is situated within an Opportunity Zone, offering potential tax advantages. The property is available for sale at $5,500,000. The building may be subdivided to accommodate smaller tenants.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.