1700 Blk Carmel Dr Lafayette, LA 70501
This exceptional 70501 Lafayette, Louisiana land parcel, located on the 1700 block of Carmel Drive, presents a unique development opportunity. Priced at $708,000, this property offers significant potential for residential construction. Its convenient location, just off Carmel Avenue, provides easy access to local amenities and infrastructure. A portion of the land borders an established neighborhood, offering a desirable setting for new homes. The property is classified as Lots & Land, and is currently undeveloped, providing a blank canvas for a visionary project. The precise acreage is not specified, but the marketing materials suggest sufficient space for multiple residential units. This prime location in Lafayette Parish, Louisiana, combined with its proximity to existing residential areas, makes this an attractive investment for builders and developers seeking to capitalize on the growing housing demand. The property's address is 1700 Blk Carmel Drive, Lafayette, LA 70501, with GPS coordinates of 30.23385 latitude and -91.977209 longitude. Serious inquiries are encouraged to explore the full potential of this promising land opportunity. All interested parties should conduct their own due diligence to verify all aspects of the property and its suitability for their intended purpose.
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.