305 Michaud St Carencro, LA 70520
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.
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
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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.