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    - Judge Perez Dr Meraux, LA 70075

    For Sale
    $740,000

    High-visibility 4-acre corner lot, C-2 zoned.

    Property size:
    179,533 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    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 Features for - Judge Perez Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    179,533 SF
    Lot Size
    174,240 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Meraux
    County
    St. Bernard
    State
    Louisiana
    Longitude
    -89.93713
    Latitude
    29.93839

    Nearby Comparable

    • $775,000
      10,912 SF

      Meraux Warehouse: Prime Commercial Space

      High-rent potential, I-510 access.
      2807-09 Judge Perez Dr, Meraux, LA 70075
      View Details
    • $775,000
      10,739 SF

      Meraux Warehouse: Prime Location

      10,739 SF Warehouse, Great Lease Potential
      2807 Judge Perez Dr, Meraux, LA 70075
      View Details
    • $624,900
      0.25 Acres

      Meraux Commercial Warehouse with Offices

      Commercial warehouse with office space, great logistics, and income.
      2807-09 E Judge Perez Dr, Meraux, LA 70075
      View Details
    • $2,197,904
      3,600 SF

      Chalmette Medical Retail Investment

      High-Yield Medical Building, NNN Lease
      1909 Judge Perez Dr, Chalmette, LA 70043
      View Details

    Nearby Similar for Sale

    • $624,900
      0.25 Acres

      Meraux Commercial Warehouse with Offices

      Commercial warehouse with office space, great logistics, and income.
      2807-09 E Judge Perez Dr, Meraux, LA 70075
      View Details
    • $775,000
      10,912 SF

      Meraux Warehouse: Prime Commercial Space

      High-rent potential, I-510 access.
      2807-09 Judge Perez Dr, Meraux, LA 70075
      View Details
    • $775,000
      10,739 SF

      Meraux Warehouse: Prime Location

      10,739 SF Warehouse, Great Lease Potential
      2807 Judge Perez Dr, Meraux, LA 70075
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-visibility 4-acre corner lot, C-2 zoned.
    Where is this commercial real estate located?
    The property is located at - Judge Perez Dr Meraux, LA.
    What is the asking price?
    The asking price for this property is $740,000.
    (985) 256-5500
    Request Owner's contact information
    - Judge Perez Dr Meraux, LA 70075
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    Meraux, LA 70075
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    - Judge Perez Dr Meraux, LA 70075
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