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Property profile & analytics

40540 Highway 23 Buras, LA 70041

  • Commercial real estate
  • 1.86 lot acres
Value Estimation
Location Intelligence
Property ID
US36-1865501
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 40540 Highway 23

Year built
2005
Lot size
1.86 lot acres
Property type
Commercial real estate
APN
1280475
APU
1280475

Description

This exceptional 6,800 square foot commercial property, situated on a 2.7-acre lot at 40540 Highway 23 in Buras, Louisiana, presents a unique investment opportunity. Previously operating as a successful bait and tackle shop, the building offers versatile space ideal for a variety of commercial uses, including office space or a retail storefront. Recent improvements include fresh paint and a new roof, ensuring the property is move-in ready. The property boasts ample parking and storage, complemented by several large boat/storage sheds, providing significant additional space. Three RV spots are also available, adding further potential revenue streams. Its strategic location directly on Highway 23 ensures high visibility and accessibility, while its proximity to Venice offers easy access to prime fishing locations. The expansive lot allows for significant expansion possibilities, catering to future growth and development needs. This property is priced competitively at $399,000 and represents a compelling investment in a thriving coastal Louisiana community. The combination of existing infrastructure, prime location, and expansion potential makes this an exceptional opportunity for a discerning buyer. Don't miss out on this chance to acquire a well-maintained, versatile commercial property in a desirable location.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Buras
County
Plaquemines
State
Louisiana
Longitude
-89.3995
Latitude
29.3268
CBSA code
35380
CBSA name
NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,945
$4,650
$22,860
$27,510
-
$46,500
$152,400
$198,900
More about this property
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