1603 University Ave Lafayette, LA 70506
- Commercial land
- 0.92 lot acres
Current Use by Public Records
- Commercial land
Property Details for 1603 University Ave
- Lot size
- 0.92 lot acres
- Property type
- Commercial land
- APN
- 6055639
- APU
- 6055639
Description
This exceptional 0.92-acre commercial land parcel, located at 1603 N University Ave in Lafayette, Louisiana (zip code 70506, APN 6055639), presents a unique investment opportunity. Priced at $640,000 ($13.00/sq ft), this unzoned property boasts 200 feet of road frontage on N University Avenue, offering unparalleled visibility and accessibility. Its strategic location off I-10 E provides convenient access to major transportation routes. The property benefits from its proximity to a thriving commercial corridor, including established businesses such as Cracker Barrel, numerous hotels, fast-food restaurants, and gas stations. Furthermore, its location near the Truman Early Childhood Learning Center (a $26.5 million development), Lafayette Christian Academy, Jw James Elementary School, Life Storage, and the new Arbours at Lafayette Apartments ensures high traffic and strong potential for future development. This prime location offers significant potential for a variety of commercial uses, making it an ideal investment for developers and entrepreneurs seeking a high-impact location in a rapidly growing area of Lafayette. The property's size and visibility make it an attractive option for businesses seeking high visibility and convenient access to a large customer base.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.0361
- Latitude
- 30.2497
- CBSA code
- 29180
- CBSA name
- LAFAYETTE, LA METROPOLITAN STATISTICAL AREA
