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    305 Michaud St Carencro, LA 70520

    For Sale
    $68,000

    Prime Carencro land, 900 sq ft, development opportunity.

    Property size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial property, located at 305 N Michaud Street in Carencro, Louisiana, 70520, presents a unique investment opportunity. The 900 square foot lot is zoned for commercial use and boasts a rich history as the site of one of Carencro's earliest dry cleaning establishments. The existing structure, primarily constructed of brick and cement, shows potential for restoration, although it is currently uninhabitable due to significant roof damage. For safety reasons, interior access is unavailable at this time. This presents a blank canvas for developers seeking to capitalize on a prime location within a thriving community. The property's strategic positioning offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The asking price of $68,000 represents a compelling entry point into the Carencro commercial real estate market. Serious inquiries are encouraged to explore the possibilities this unique property offers. Further information is available upon request. The property is situated in Lafayette Parish, Louisiana, and its coordinates are 30.3244938 latitude and -92.0443536 longitude.

    Property Features for 305 Michaud St

    General Information

    Property type
    Land
    Square Feet
    900 SF

    HighLights

    • 900 sq ft lot zoned for commercial use in Carencro, LA.
    • Existing brick and cement structure, currently uninhabitable due to roof damage; interior access unavailable.
    • Prime location with excellent visibility and accessibility.
    • Asking price: $68,000.
    • Located at 305 N Michaud Street, Carencro, LA 70520 (30.3244938, -92.0443536).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carencro
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0443536
    Latitude
    30.3244938

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    FAQs

    What type of property is this?
    Land - Prime Carencro land, 900 sq ft, development opportunity.
    Where is this land located?
    The property is located at 305 Michaud St Carencro, LA.
    What is the asking price?
    The asking price for this property is $68,000.
    What are key features of this property?
    This property features: 900 sq ft lot zoned for commercial use in Carencro, LA.; Existing brick and cement structure, currently uninhabitable due to roof damage; interior access unavailable.; Prime location with excellent visibility and accessibility.
    Request Owner's contact information
    305 Michaud St Carencro, LA 70520
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    Carencro, LA 70520
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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
    305 Michaud St Carencro, LA 70520
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