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    700 Texas Ave Rayne, LA 70578

    For Sale
    $2,575,000

    85,805 SF Warehouse, Excellent Condition

    Property size:
    85,805 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional industrial property, located at 700 E Texas Ave in Rayne, Louisiana, presents a significant investment opportunity. The 85,805-square-foot warehouse sits on a 4.09-acre lot and boasts a strategic location near downtown Rayne and I-10, offering convenient access to major transportation routes. The property features two interconnected buildings, including approximately 10,000 square feet of office space and 75,000 square feet of warehouse space, complemented by a stabilized yard. Warehouse ceiling heights range from 13 to 24 feet, and the property includes chain-operated overhead doors. The building is constructed with metal siding and sits on a lot zoned I-1. The asking price is $2,575,000, translating to $30.01 per square foot. This two-story structure is currently vacant and offers ample surface parking. The property's excellent condition and prime location make it ideal for a variety of industrial and business uses. Cash to seller terms are preferred. The property's APN is 0170059800.

    Property Features for 700 Texas Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    85,805 SF
    Lot Size
    178,160 SF

    Building Details

    Stories
    2

    HighLights

    • Industrial‑Business Park/Warehouse Distribution Property
    • I‑1 Zoning
    • Investment Opportunity, Suitable for Business Use
    • 85,805 SF Building Size
    • 4.09‑Acre Lot
    • Cash to Seller Preferred
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hub City Iron ... Metal Fabricator Knight Manufacturing, LLC Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rayne
    County
    Acadia Parish
    State
    Louisiana
    Longitude
    -92.2626546
    Latitude
    30.234622

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    FAQs

    What type of property is this?
    Distribution property - 85,805 SF Warehouse, Excellent Condition
    Where is this distribution property located?
    The property is located at 700 Texas Ave Rayne, LA.
    What is the asking price?
    The asking price for this property is $2,575,000.
    What are key features of this property?
    This property features: Industrial-Business Park/Warehouse Distribution Property; I-1 Zoning; Investment Opportunity, Suitable for Business Use
    Request Owner's contact information
    700 Texas Ave Rayne, LA 70578
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    Rayne, LA 70578
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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
    700 Texas Ave Rayne, LA 70578
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