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2440 Ambassador Caffery Pky
Lafayette, LA 70506 Central Lafayette Parish

$1,688,000 USD

Land For Sale  •  3.04 AC

Property Details

  • Property Type Land
  • Lot Size 3.04 AC
  • Zoning PD
60 Walk Score

Description

FOR SALE: ±3.044 ACRES ON AMBASSADOR CAFFERY

Prime Development Tract in High-Growth Corridor | Lafayette, Louisiana
Location: 2400 Block of Ambassador Caffery Pkwy Lafayette, LA
Size: ±3.044 Acres (can be subdivided)
Zoning: PD (PLANNED DEVELOPMENT)
Highest & Best Use: Retail, Medical, Restaurant, QSR, or Mixed-Use
Access: ±330’ of frontage | Access via Ambassador Caffery Parkway
Traffic Counts: ±48,000 VPD
Visibility: Premier frontage along Lafayette’s major commercial thoroughfare
Utilities: Full city utilities available
Listing Price: $1,688,000

Surrounded by national retailers and explosive residential growth, this well-positioned 3-acre site offers ideal dimensions, strong demographics, and a high-traffic location in the heart of  Lafayette’s top retail and medical corridor.

OFFERING MEMORANDUM

±3.044 Acres on Ambassador Caffery Parkway in Lafayette, Louisiana
Premier ±3 Acre Retail Development Site 
Strong Medical Corridor: Ideal for Urgent Care, Coffee Shop, Car Wash, QSR, or National Retailers 
Over 330’ of Frontage on Ambassador Caffery Pkwy 
Surging Lafayette Growth Corridor 
High-Traffic Counts – ±48,000 Vehicles Per Day 
Surrounded by Target, Costco, Our Lady of Lourdes, Ochsner, Super 1 Foods, Apothecary Shoppe, and major rooftops

EXECUTIVE SUMMARY
Address: 2400 Block Ambassador Caffery Parkway, Lafayette, LA
Site Size: ±3.044 acres (±132,422 SF) 
Zoning: PD (PLANNED DEVELOPMENT)
Frontage: ±330 feet along five-lane Ambassador Caffery Pkwy 
Utilities: Municipal water, sewer, storm drainage available

INVESTMENT HIGHLIGHTS
Premier Location: Situated in Lafayette’s top retail/medical corridor— ±48,000 VPD
Strong Trade Area: Within 3 miles: 75,000+ residents; avg. household income greater than $110K; home values greater than $275K
National Co-Tenant Anchors: Nearby Costco, Target, Whole Foods, Super 1 Foods, Ochsner Medical, Our Lady of Lourdes Hospital 
Ideal Development Uses: QSR pad sites, medical office, retail strip center, mixed-use 
Planned Traffic Signal due to high traffic counts

MARKET OVERVIEW & DEMOGRAPHICS

Radius      Population     Avg. HH Income     Daytime Population    Median Home Value
1 Mile         25,500               $112,000                    30,200                                  $280,000
3 Miles       78,000               $104,500                    85,300                                  $275,000
5 Miles       150,000            $98,000                      165,000                                $265,000

Major Employers:  Ochsner Health, University of Louisiana—Lafayette, Lafayette Parish School System
Retail Nodes: Ambassador Caffery at Kaliste Saloom, Johnston St. corridor, Acadiana Mall, River Ranch TND

ZONING & ENTITLEMENTS
PD - (Planned Development): Allows retail, office, medical, restaurant, mixed-use 
Site PD overlay: Urban pedestrian-oriented setbacks and build-to lines permissible for optimal visibility & retail engagement
Parking ratio of 1 space per 250 SF (1/5 seats) easily met; Flexible parking ratios can include conventional space counts; or shared onsite and street parking for higher density, mixed-use development 
Fast-track Entitlements: Site plan approval only; no conditional use needed for QSR or medical

ACCESS & TRAFFIC
Frontage: ±330’ along Ambassador Caffery Pkwy (five lanes, 45 MPH) 
Signalized Intersections: Curran Lane (±1,500 VPD), Kaliste Saloom Blvd (±32,000 VPD) 
Traffic Counts: ±48,000 vehicles per day (VPD)
Connectivity: Direct connector to I-10 (±3 miles), Lafayette Regional Airport (±7 miles)

ALSO AVAILABLE: ±29 Acres
Directly across Ambassador Caffery TND Development "Cafferytown"
Owner will consider the idea of Land Sales, Joint Venture, and/or Preferred Equity Participation

Highlights

Planned Development Zoning
Excellent Location!
High Traffic Counts!

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Lafayette Amtrak Station (Sunset Limited - Amtrak) 9 min - 5.5 mi
AirportDriveWalkDistance
Lafayette Regional/Paul Fournet Field 14 min - 7.9 mi
Carmen Austin MBA, CCIM, SIOR 225-328-1778 Saurage Rotenberg Commercial Real Estate
Carmen Austin MBA, CCIM, SIOR 225-328-1778 Saurage Rotenberg Commercial Real Estate