635 Verot School Rd Lafayette, LA 70508
This exceptional 1.29-acre commercial land parcel presents a unique investment opportunity in a prime Lafayette, Louisiana location. Situated at 635 Verot School Rd, this property boasts a highly desirable MN-1 zoning designation, opening doors to a multitude of potential uses. The asking price is $291,000. The property's location is directly across from S. Beadle and a shopping center featuring Fat Pat's, ensuring high visibility and accessibility. While the existing structures, a 1950s-era house with two bedrooms, two baths, a kitchen, and a combined living/dining area, are included in the sale, they are considered "as is" and hold no assessed value. These existing buildings could potentially be repurposed as office space, depending on future development plans. The land itself is the primary asset, offering significant potential for development. Utilities are readily available, including LUS fiber, city electricity, water, sewer, and gas. The property's APN is 6170596. This is a rare chance to acquire a strategically located commercial lot in a thriving Lafayette market. Don't miss this opportunity to capitalize on the potential of this versatile property.
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
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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.