1700 Blk Carmel Dr Lafayette, LA 70501
This exceptional 70501 Lafayette, Louisiana land parcel, located on the 1700 block of Carmel Drive, presents a compelling investment opportunity for residential developers. Priced at $708,000, this property offers significant potential for building new homes. Its convenient location, just off Carmel Avenue, provides easy access to local amenities and infrastructure. A portion of the land borders an existing residential neighborhood, offering a seamless integration into the established community. The property is classified as Lots & Land, and is currently undeveloped, providing a blank canvas for a new residential project. The exact acreage is not specified, but the marketing materials suggest it is suitable for multiple residential builds. This prime location in Lafayette Parish, Louisiana, combined with its proximity to an existing neighborhood, makes this land a highly attractive prospect for those seeking to develop new homes in a desirable area. The property's address is clearly identified as being in the 70501 zip code, ensuring easy identification and access for potential buyers. This is a rare opportunity to acquire a substantial land parcel in a thriving Lafayette community. Further due diligence is recommended to confirm all aspects of the property's suitability for the intended development.
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
Similar Nearby for Lease
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.