Northgate Mall

This property offers a Value-Add buyer a great redevelopment opportunity in a prime area of Lafayette, LA. The North side of Lafayette is an older side of town, but recently has seen new development at the Louisiana Avenue exit of I-10 with new Target and Aldi stores, as well as a Buc-ee’s coming soon to the NE quadrant of that intersection, just over 2 miles from the Subject Property. Evangeline Thruway has been integrated into I-49 (a new north - south Interstate Highway), so this property is just two blocks from the intersection of two major Interstates (I-10 and I-49). As a result, you are also seeing major new distribution facilities for both Amazon and Fed Ex, just north of I-10 on Evangeline Thruway. Lafayette Regional Airport is only 3.6 miles from this site and the University of Louisiana (Lafayette) is only 2.8 miles away. Having these facilities in close proximity provides numerous amenities and strategic advantages for this property. Currently, the mall is just 32.7% leased, so it offers numerous opportunities for redevelopment. Site on a very strategically located 20.81 acre site with a CH+ (Commercial - Heavy) zoning, it affords a large variety of possibilities for this property. Great 20.81-acre land site - mall could be torn down and you would be sitting on an outstanding piece of commercially zoned land right in the middle of Lafayette Redevelop the mall. You have a number of big box spaces (20,000 sq. ft.+) that have both exterior entrances and mall entrances. You could turn the mall inside out and upgrade the exterior to make this an attractive retail development Create multiple outparcels around the perimeter of the mall as there is more than abundant parking. Attract a new anchor tenant, as you could put together 64,000 sq. ft. on the Moss Street side of the property, which could serve as a home for a school / vo-tech or educational facility, an entertainment venue, a large health care facility or it house multiple public agencies such as the Lafayette Police Department.