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Property profile

242 Diesel Dr Scott, LA 70583

OFF-MARKET
Land
Property ID
US36-1176687
11.1 ac lot
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Property summary

AI-generated overview

This exceptional 11.1-acre commercial and industrial land parcel is strategically located in Scott, Louisiana, at 242 Diesel Drive, 70583. Situated in the northwest quadrant of the Ambassador Caffery exit on I-10, this rectangular, flat, and cleared site offers multiple access points to public roads, and potential access directly to the I-10 on/off ramp. Zoned AH, the property presents opportunities for various developments, including single or multi-user industrial projects or smaller-scale residential construction, though flood zone limitations should be considered. The site enjoys high visibility from both Ambassador Caffery Parkway and I-10, benefiting from the heavy traffic flow of this major Acadiana thoroughfare. Its location near the Scott/Lafayette border provides easy access to the bustling Lafayette metropolitan area. The property's proximity to the I-10 and I-49 interchange (2 miles west) further enhances its strategic value and accessibility. This is a rare opportunity to acquire a well-positioned tract of land with significant development potential in a rapidly growing area. The asking price is $695,000.

Property profile

Verified
Property type Land
Lot 11.1 ac (483,516 SF)
UPID US36-1176687

Cap rate & NOI

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

Location

242 Diesel Dr Scott, LA 70583
Scott metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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