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Property profile & analytics
OFF-MARKET
Commercial real estate

- Judge Perez Dr Meraux, LA 70075

179,533 SF 4 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4-acre commercial property presents a remarkable investment opportunity in the thriving Meraux, Louisiana market. Boasting 179,533 square feet of land, this C-2 zoned lot enjoys a highly visible corner location at the intersection of East Judge Perez Drive and Paul Drive, offering significant frontage on a busy thoroughfare. Its strategic position is surrounded by upscale residential areas and established neighborhoods, ensuring high traffic and visibility. The property's proximity to numerous nationally recognized businesses, restaurants, government offices, schools, a fire department, and a casino further enhances its appeal and potential for a wide range of commercial ventures. Adding to its value is an existing revenue-generating billboard situated on the property. The convenient location, just 11 miles from the New Orleans Central Business District and the French Quarter, provides easy access to the city's vibrant core. This exceptional property offers unparalleled potential for developers and investors seeking a prime location with high visibility and strong growth prospects. The existing billboard provides immediate revenue potential, while the ample space allows for a variety of development options. This is a rare opportunity to acquire a significant commercial parcel in a rapidly developing area.

Property profile
Verified
Property type Commercial real estate
Total area 179,533 SF
Lot 4 ac (174,240 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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