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Property profile & analytics
OFF-MARKET
Specialty properties

305 Michaud St Carencro, LA 70520

900 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Total area 900 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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