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    3450 Evangeline Trwy Carencro, LA 70520

    Sponsored
    For Sale
    $538,794

    1.18-acre lot, high visibility, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.178-acre lot, located at 3450 NE Evangeline Trwy, Lot 3 in Carencro, Louisiana (zip code 70520), presents a unique investment opportunity. Priced at $538,794, this land boasts a land value of $10.50 per square foot. The property is zoned for residential, commercial, and industrial uses, offering considerable flexibility for development. Situated in a rapidly growing area at the intersection of Carencro and Lafayette, this location benefits from high visibility and significant traffic counts of 68,719 vehicles per day. Its proximity to the Gloria Switch Rd exit and Interstate access enhances its appeal for a variety of projects. The property's APN is 6034590. This parcel is part of a larger newly subdivided tract, offering potential for further development. The high traffic counts and strategic location make this an ideal site for businesses seeking high visibility and convenient access to major roadways and residential areas. The property's versatility allows for a multitude of end uses, making it an attractive investment for both residential and commercial developers. This is a rare opportunity to acquire land in a thriving area with significant growth potential.

    Property Features for 3450 Evangeline Trwy

    General Information

    Property type
    Land
    Lot Size
    51,314 SF

    HighLights

    • 1.178‑acre lot for sale in a newly subdivided tract.
    • Approximately 1.178 acres available, priced at $538,794 ($10.50/SF).
    • High development potential with residential, commercial, and industrial zoning.
    • High visibility location with 68,719 vehicles per day.
    • High traffic counts due to proximity to Gloria Switch Rd exit and Interstate access.
    • Growing area at the intersection of Carencro and Lafayette, LA; APN 6034590.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Carencro
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.037116
    Latitude
    30.3392877

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - 1.18-acre lot, high visibility, development potential.
    Where is this land located?
    The property is located at 3450 Evangeline Trwy Carencro, LA.
    What is the asking price?
    The asking price for this property is $538,794.
    What are key features of this property?
    This property features: 1.178-acre lot for sale in a newly subdivided tract.; Approximately 1.178 acres available, priced at $538,794 ($10.50/SF).; High development potential with residential, commercial, and industrial zoning.
    Request Owner's contact information
    3450 Evangeline Trwy 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
    3450 Evangeline Trwy Carencro, LA 70520
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