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    Greenwell Springs Rd GREENWEL SPGS, LA 70739

    For Sale
    $757,944

    High-traffic corner lot, 0.87 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 0.87-acre commercial land parcel presents a unique investment opportunity in Central, Louisiana. Strategically located at the northwestern intersection of Greenwell Springs Road and the Central Thruway, this corner lot boasts approximately 360 feet of frontage on the Central Thruway and approximately 115 feet of frontage on Greenwell Springs Road, ensuring high visibility and accessibility. The property's prime location offers significant potential for a variety of commercial uses, capitalizing on the substantial traffic flow along these major thoroughfares. The land is priced at $20 per square foot, totaling $757,944. The assessed parcel number (APN) is 035-9673-7. This is a rare opportunity to acquire a sizable commercial lot in a thriving area with excellent growth prospects. The property's size and location make it ideal for a wide range of commercial developments, offering significant return on investment potential. Detailed site plans and further information are available upon request. Don't miss this chance to secure a prime piece of Central, LA real estate.

    Property Features for 0 Greenwell Springs Rd

    General Information

    Property type
    Land
    Lot Size
    37,897 SF

    HighLights

    • 0.87‑acre lot with 360' of frontage on Central Thruway and 115' on Greenwell Springs Rd, Central, LA.
    • Prime NW corner location at Central Thruway and Greenwell Springs Rd.
    • 0.87‑acre gross land area.
    • $20 per square foot sale price.
    • $757,944 total price.
    • Contact listing agents for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    GREENWEL SPGS
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -90.9818773
    Latitude
    30.6039994

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, 0.87 acres.
    Where is this land located?
    The property is located at Greenwell Springs Rd GREENWEL SPGS, LA.
    What is the asking price?
    The asking price for this property is $757,944.
    What are key features of this property?
    This property features: 0.87-acre lot with 360' of frontage on Central Thruway and 115' on Greenwell Springs Rd, Central, LA.; Prime NW corner location at Central Thruway and Greenwell Springs Rd.; 0.87-acre gross land area.
    Request Owner's contact information
    Greenwell Springs Rd GREENWEL SPGS, 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
    Greenwell Springs Rd GREENWEL SPGS, LA 70739
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