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    Central Trwy Central, LA 70739

    Sponsored
    For Sale
    $725,000

    22 Acres, Bank-Owned, Reduced Price

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 22-acre property presents a unique investment opportunity in Greenwel Springs, Louisiana. Located along the Central Thruway, this land boasts approximately 1,000 linear feet of frontage, offering significant development potential. Currently zoned ORD and B4 by the City of Central, the property's zoning allows for a variety of commercial and residential uses. The asking price has been significantly reduced to $725,000, reflecting a substantial 25% price decrease. Floodplain analysis reveals a mix of Zone X and AE designations, which should be considered during any development planning. This bank-owned foreclosure presents a compelling opportunity for developers and investors seeking a large parcel of land in a rapidly growing area. The property's strategic location and substantial acreage make it ideal for a wide range of projects, from commercial ventures to residential subdivisions. Detailed zoning information and flood maps are available upon request. This is a rare chance to acquire a significant land holding in East Baton Rouge Parish, Louisiana, at a significantly reduced price. Serious inquiries are encouraged. The property's address is Central Throughway, Greenwel Springs, LA 70739.

    Property Features for 0 Central Trwy

    General Information

    Property type
    Land
    Lot Size
    958,320 SF

    HighLights

    • 22‑acre commercial land parcel in Greenwel Springs, LA, with 1,000 linear feet of Central Thruway frontage.
    • ORD and B4 zoning allows for diverse commercial and residential development.
    • Reduced asking price: $725,000 (25% price reduction).
    • Floodplain designation: Mix of Zone X and AE.
    • Bank‑owned foreclosure opportunity in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Central
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.0199331
    Latitude
    30.4920121

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    FAQs

    What type of property is this?
    Land - 22 Acres, Bank-Owned, Reduced Price
    Where is this land located?
    The property is located at Central Trwy Central, LA.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: 22-acre commercial land parcel in Greenwel Springs, LA, with 1,000 linear feet of Central Thruway frontage.; ORD and B4 zoning allows for diverse commercial and residential development.; Reduced asking price: $725,000 (25% price reduction).
    (225) 925-0600
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    Central Trwy Central, LA 70739
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    Central, LA 70739
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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
    Central Trwy Central, LA 70739
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