For Sale
$640,000

1603 University AveLafayette, LA 70506

Prime Lafayette location, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • 0.92-acre commercial land parcel in Lafayette, LA (70506), APN 6055639, priced at $640,000 ($13.00/sq ft).
  • 200 feet of road frontage on N University Avenue, offering high visibility and accessibility.
  • Strategic I-10 E access and proximity to a thriving commercial corridor with established businesses.
  • High traffic area near Truman Early Childhood Learning Center, Lafayette Christian Academy, and new residential developments.
  • Unzoned, offering flexibility for various commercial uses.

Property Details for 1603 University Ave

Property type
Land
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Lafayette
County
Lafayette Parish
State
Louisiana
Latitude
30.2497111
Longitude
-92.0361077
1603 University Ave, Lafayette, Louisiana

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1603 University Ave
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