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    289 Service Rd Southeast Gray, LA 70359

    For Sale
    $850,000

    Unimproved Land - Gray, LA

    Type:Unimproved Land
    Lot size:
    15.42 Acres
    Days on Market:
    274
    Last Refresh:
    Dec 10 at 7:06 pm

    Property Features for 289 Service Rd Southeast

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Lot size
    15.42 Acres

    Building Details

    Architectural style
    Other

    Bayou Partners Investments, LLC (985) 262-4400 [email protected]

    Listing agent Holly Guidry (985) 262-4400

    Listing date Mar 12, 2025

    MLS# 117650 Listing URL

    Copyright © 2025 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Development Land For Sale

    This 15.42-acre property is located off the US Hwy 90 corridor on LA Hwy 316. The tract features 6.6' elevations on much of the land and is currently in Flood Zone C & A, with a proposed Flood Zone X designation for almost the entire tract. Situated on a high-visibility corner, the property is adjacent to expanding single-family residential subdivisions, as well as nearby office and industrial developments. This location is suitable for industrial development, a strip retail center, food franchise, hotel, convenience store/gas station, or office building.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Clothing Store Hotel & Motel Kitchen & Bath Accounting Firm Storage Facility HVAC Service Daycare Center Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gray
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.756299
    Latitude
    29.680795

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    FAQs

    What type of property is this?
    Commercial land - 15.42 acres of prime development property off US Hwy 90.
    Where is this commercial land located?
    The property is located at 289 Service Rd Southeast Gray, LA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - 15.42 acres of prime development property on the US Hwy 90 (Future I-49) corridor.; - High visibility corner location near residential subdivisions and office/industrial development.; - Suitable for various commercial developments.
    (985) 262-4400
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    Gray, LA 70359
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    289 Service Rd Southeast Gray, LA 70359
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