Technical
Financial
Distress signals
Property profile

3324 Evangeline Thruway Lafayette, LA 70507

OFF-MARKET
Land
11.28 ac lot
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Property summary

AI-generated overview

This exceptional 11.278-acre commercial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Strategically located at the northeast quadrant of I-49 at the Gloria Switch Exit, this corner lot boasts unparalleled visibility and accessibility. The property features a signalized intersection, vast frontage on two high-traffic streets, and multiple access points, making it ideal for a variety of retail developments. Zoned for Parish use, this site benefits from I-49's impressive daily traffic count of 75,344 vehicles. The location is further enhanced by Carencro's expanding population and the addition of new residential areas, creating a strong and growing market. With a total asking price of $6,000,000, this equates to $950,072 per acre, reflecting the exceptional value and potential of this premier development site. The address is 3324 NE Evangeline Thruway, Lafayette, LA 70507. This property offers developers a rare combination of high visibility, convenient access, and a thriving market, making it an exceptional investment opportunity.

Property profile

Verified
Property type Land
Lot 11.28 ac (491,270 SF)

Cap rate & NOI

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

Location

3324 Evangeline Thruway Lafayette, LA 70507
Lafayette metro
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Value estimations

Realmo proprietary · 4 methods
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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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