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4805 Evangeline Thruway Carencro, LA 70520

OFF-MARKET Land Google Maps
12.9 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 12.9-acre commercial land parcel presents a unique investment opportunity in Carencro, Louisiana. Strategically located at the intersection of I-49 and North University Avenue, this unzoned property boasts excellent visibility and convenient access from the interstate. The substantial 700-foot frontage along the thoroughfare provides ample space for development. Ideal for a large-scale distribution center or similar commercial ventures, the property's size and location offer significant potential. The property also includes two existing homes, one currently vacant and the other rented, along with a barn. These structures are situated in the southwest corner of the property. Note that an overhead powerline traverses the land, and the property is adjacent to Coastal Pipe. The asking price is $1,600,000, translating to approximately $124,031 per acre. One home on the property was built in 1860. The property's APN is 6150611

Property profile

Verified
Property type Land
Lot 12.9 ac (561,924 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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