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    Frontage Rd Welsh, LA 70591

    Sponsored
    For Sale
    $1,150,000

    33 Acres, Owner Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 33-acre parcel of land presents a unique investment opportunity situated on the south side of I-10 Service Road, Exit 45, in Lacassine, Louisiana. Zoned I-2, this property boasts 1,659 feet of frontage directly on the I-10 service road, providing unparalleled visibility and accessibility. Its strategic location offers convenient access to major transportation routes, placing it within 12 miles of Lake Charles, LA. The property's versatility is highlighted by its suitability for a wide range of commercial and industrial uses, including but not limited to industrial development, commercial ventures, retail establishments, hospitality projects, manufacturing facilities, lay-down yards, and convenience stores. The asking price is $1,150,000. This expansive site is also divisible, with the possibility of purchasing in 4-acre tracts, offering flexibility for various development scenarios. Furthermore, owner financing is available, making this an even more attractive proposition for potential buyers. The property's proximity to a newly constructed $21 million rice mill further enhances its potential for growth and development. The Jefferson Davis Parish location and the I-2 zoning provide a solid foundation for a variety of successful ventures. The APN is 800203200|1.

    Property Features for 0 Frontage Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,437,480 SF

    HighLights

    • 33‑acre I‑2 zoned industrial parcel on I‑10 Service Road (Exit 45), Lacassine, LA.
    • 1,659 feet of I‑10 Service Road frontage.
    • Near a new $21 million rice mill.
    • 12 miles from Lake Charles, LA.
    • Suitable for industrial, commercial, retail, hospitality, and various other uses.
    • Divisible into 4‑acre tracts.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Map

    City
    Welsh
    County
    Jefferson Davis Parish
    State
    Louisiana
    Longitude
    -92.864773
    Latitude
    30.246353

    Nearby Comparable

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    FAQs

    What type of property is this?
    Multifamily property - 33 Acres, Owner Financing Available
    Where is this multifamily property located?
    The property is located at Frontage Rd Welsh, LA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 33-acre I-2 zoned industrial parcel on I-10 Service Road (Exit 45), Lacassine, LA.; 1,659 feet of I-10 Service Road frontage.; Near a new $21 million rice mill.
    Request Owner's contact information
    Frontage Rd Welsh, LA 70591
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    Welsh, LA 70591
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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
    Frontage Rd Welsh, LA 70591
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