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Property profile

618 Verot School Rd Lafayette, LA 70508

FOR SALE
Retail properties & Spaces
Property ID
US36-1105802
1.73 ac lot
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618 Verot School Rd, Lafayette, LA 70508
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Property summary

AI-generated overview

This exceptional 1.73-acre commercial land parcel presents a remarkable investment opportunity in Lafayette, Louisiana. Located at 618 and 622 Verot School Road, this property boasts approximately 360 feet of frontage, ensuring high visibility to an estimated 23,470 vehicles daily. The CM-1 (Commercial Mixed 1) zoning allows for diverse development options, making it ideal for office or retail projects. Situated in Flood Zone X, this site offers peace of mind regarding flood risk. The property's attractive asking price of $450,000 is further enhanced by the motivated seller's willingness to consider all offers. A sample site plan, approved by the city of Lafayette, is available for review. The property's Assessed Parcel Number (APN) is 6013873. This prime location in Lafayette Parish, Louisiana, zip code 70508, offers unparalleled access and exposure, making it an exceptional opportunity for commercial development. Don't miss this chance to acquire a highly visible and versatile commercial property in a thriving market.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.73 ac (75,359 SF)
UPID US36-1105802

Cap rate & NOI

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

Location

618 Verot School Rd Lafayette, LA 70508
Lafayette metro
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Value estimations

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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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