1401 E Milton Ave, Lafayette, LA 70508

Description

A unique opportunity to acquire 2 acres directly across from Palmer Parc, a thoughtfully designed mixed-use development planned to feature childcare, professional office, co-working, retail, and complementary commercial uses. The property offers an attractive setting alongside a beautiful subdivision pond with a fountain, creating a distinctive backdrop for a high-quality office, retail, medical, hospitality, or mixed-use project. The site can accommodate an approximately 14,000-square-foot building area, subject to final design and governmental approvals. Preliminary approvals have also been obtained to construct an asphalt parking lot over the existing underground gas transmission line area, allowing the property to maximize its usable development footprint. This site appraised for $502,000 just 4 months ago and that's before the new Milton Water District is about to open their new water plant for more volume in the area which means more housing is possible to build from developers whereas there was a moratorium to build any new subdivisions in this area until the completion.
The buyer will be expected to maintain an architectural and landscaping aesthetic that complements Palmer Parc, helping establish a cohesive, upscale commercial corridor on both sides of the street. This design continuity is intended to protect the appearance and long-term value of the surrounding development.
Additional expansion and development opportunities may also be available directly across the street within Palmer Parc. Buyers may have the option to purchase a separate commercial pad site or a portion of the remaining Palmer Parc property, creating the potential for a larger development footprint, future expansion, or multiple complementary uses. With its scenic pond frontage, strong development potential, flexible land-purchase options, and proximity to the future activity generated by Palmer Parc, this site presents an excellent opportunity for commercial site, or investor.