911 Ambassador Caffery PkwyLafayette, LA 70506

Property Details for 911 Ambassador Caffery Pkwy

Year built

2016

Lot size

2.44 AC

Property size (Sq ft)

6,545 SF

Property type

Commercial real estate

APN

6157795

APU

6157795

Description

This exceptional 10,561 square foot retail property, built in 2017, presents a unique opportunity for a restaurant or similar commercial venture. Currently configured as a 2,000 square foot former Laredo Taco restaurant, this end-cap space offers immediate visibility and accessibility. Located in Lafayette Parish's LACDB - G3 submarket, the property benefits from its strategic position along Ambassador Caffery, providing significant daytime and nighttime traffic exposure. Its proximity to the intersection of Ambassador Caffery and Interstate 10 ensures high visibility and convenient access for customers. The property shares space with a Stripes C-Store, further enhancing its appeal and drawing in a consistent customer base. The single-story building features two monument signs, providing excellent branding opportunities. Direct access to Cameron Street ensures efficient ingress and egress for both customers and deliveries. The zoning is CH, and the building is comprised of one structure. With 2,000 square feet currently vacant, this property is ready for immediate occupancy and offers a significant advantage to a business seeking a well-established location with existing infrastructure. This is an ideal location for a local, regional, or national restaurant seeking a high-traffic, easily accessible space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,016,460

  6.5%

  $938,273

  7%

  $871,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,236,220

  Geo Method

  $1,959,510

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,836,990

  Retail / Commercial

  $944,007

  Mixed-Use / Specialty

  $942,224

  Hospitality / Lodging

  $693,339

  Office

  $938,273

  Institutional / Educational

  $980,098

  Residential Income

  $1,146,710

  Multifamily

  $1,366,540

  Automotive / Energy

  $840,084

  Parking / Income-Based Land

  $288,340

  Restaurant / Food Service

  $493,433

  Healthcare / Senior Housing

  $964,610

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.2312

Longitude

-92.0618

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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