Meraux, LA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Meraux, Louisiana Market population: 6K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Meraux LA Properties: 0.8900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Meraux LA
Common questions from investors exploring commercial real estate in Meraux LA.
What's the overall investment potential of Meraux, LA, considering its demographics and economy?
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Meraux, LA, with a population of 6,203 and a median age of 32.5, presents a stable investment market, given its median household income of $56,184 and a relatively high homeownership rate of 85.6%, suggesting a strong demand for housing. The top industries, including Professional, Scientific, & Management, & Administrative & Waste Management Services, and Manufacturing, indicate a diverse economy. Additionally, the 92.0% health insurance coverage and 25.2-minute average commute time contribute to a favorable quality of life, making it an attractive location for investors.
How does the poverty rate and health insurance coverage impact the quality of tenants in Meraux, LA?
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The 13.7% poverty rate in Meraux, LA, combined with a high health insurance coverage rate of 92.0%, suggests a relatively stable tenant market with access to employment and healthcare, which can lead to more reliable rent payments. This, coupled with the top commute methods being drove alone, carpooled, or worked at home, indicates a flexible and possibly more dependable tenant base.
What role does ethnic diversity play in the demand for real estate in Meraux, LA?
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The ethnic diversity in Meraux, LA, with top ethnicities including White (43.9%), White Non-Hispanic (41.1%), and Black (5.8%), contributes to a culturally rich community, which can attract a wide range of residents and potentially increase demand for real estate. This diversity, along with a foreign-born rate of 4.1%, may also attract businesses catering to different cultural needs, further stabilizing the local economy and real estate market.
How do the commute times and top industries in Meraux, LA, influence its real estate investment potential?
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The average commute time of 25.2 minutes in Meraux, LA, indicates a relatively convenient location for workers, which can increase the appeal of the area for potential residents. The top industries, such as Professional, Scientific, & Management, & Administrative & Waste Management Services, and Manufacturing, suggest a strong and diverse job market, which can lead to a higher demand for housing and, consequently, a more stable real estate investment environment.
What insights can be gleaned from the median property value and property taxes in Meraux, LA, for real estate investors?
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The median property value of $141,600 and median property taxes of $1,641 in Meraux, LA, provide valuable insights for real estate investors. These figures, considered alongside the area's 85.6% homeownership rate and the GINI coefficient of 0.349, which indicates a moderate level of income inequality, suggest a balanced market where property values are substantial but not excessively high, potentially offering a good return on investment, especially when factoring in the relatively low poverty rate and high health insurance coverage rate.
Meraux LA Real Estate & City Facts
Key facts and real estate information about Meraux LA.
What are some of the best neighborhoods to live in Meraux?
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Meraux has been a very calm and safe environment to live in, with some of the best neighborhoods including the areas around St. Bernard State Park and the Meraux Foundation Cultural Arts Center. According to Niche, Meraux is one of the best places to live in St. Bernard Parish, with a great quality of life and affordable homeownership opportunities.
What are some fun things to do in Meraux?
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There are plenty of fun things to do in Meraux, including visiting the Los Islenos Museum Complex, Fort Proctor, and the Hopedale Marina. You can also explore the nearby Bayou Charters, NOLA Sight Fishing, and Crevasse 22. If you're looking for something more adventurous, you can try kayaking in Bayou Metairie and Bayou St. John or visit the Jean Lafitte National Historical Park and Preserve.
What is the food scene like in Meraux?
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The food scene in Meraux is excellent, with a variety of restaurants serving Creole, Cajun, and Italian cuisine. Some popular restaurants include Crave, MeMe's Bar & Grille, and Brennan's. You can also try some of the local favorites like Rocky & Carlo's, which has been a family-run Creole Italian icon for over 50 years. There are also plenty of great food trucks and casual eateries to try.
What are the pros and cons of living in Meraux?
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The pros of living in Meraux include its calm and safe environment, affordable homeownership opportunities, and great quality of life. However, some cons include the lack of everything in the area, as mentioned by a Reddit user, and the need to travel to nearby cities for more amenities. Overall, Meraux is a great place to live for those who value a quiet and peaceful lifestyle.
Is Meraux a good place to live?
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Yes, Meraux is a good place to live, with its great quality of life, affordable homeownership opportunities, and plenty of fun things to do. While it may lack some amenities, the community is tight-knit and welcoming, making it an excellent choice for families and individuals who value a calm and safe environment. As mentioned by Movoto, Meraux has a bright future on the horizon, making it an exciting time to move to the area.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Meraux LA Commercial Property: $56,184
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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