0 Judge Perez Dr Meraux, LA 70075
This exceptional 4-acre commercial land parcel presents a remarkable investment opportunity in Meraux, Louisiana. Zoned C-2, this highly visible corner lot boasts 437 feet of frontage on the busy intersection of East Judge Perez Drive and Paul Drive. Its strategic location is surrounded by upscale residential areas and thriving businesses, including nationally recognized restaurants and government offices. The property's proximity to schools, a fire department, and a casino further enhances its appeal. Conveniently situated just 11 miles from New Orleans' Central Business District and the French Quarter, this site offers unparalleled access to a large consumer base. The lot size totals 179,533.61 square feet, priced at $4.71 per square foot, totaling $740,000. An existing revenue-generating billboard adds to the property's immediate income potential. This is an exceptional opportunity for developers and investors seeking a high-traffic, high-visibility location in a rapidly growing area. The C-2 zoning allows for a wide range of commercial uses, making this property suitable for various development projects.
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.