3450 Evangeline Trwy Carencro, LA 70520
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.