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    9355 Airline Hwy Sorrento, LA 70778

    For Sale
    $3,044,844

    Prime Commercial/Industrial Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 507,474 square foot commercial and industrial land parcel presents a significant investment opportunity in Sorrento, Louisiana. Located at 9355 Airline Highway, this property boasts an impressive 1,200 feet of frontage on a major thoroughfare, providing unparalleled visibility and accessibility. The lot is 548 feet deep, offering ample space for development. The property is zoned COMMERCIAL and is situated in a high-traffic area just north of a busy intersection, ensuring significant exposure for any business. The asking price is $3,044,844, translating to a land value of $6 per square foot. The property includes two existing residences

    Property Features for 9355 Airline Hwy

    General Information

    Property type
    Multifamily properties

    HighLights

    • 507,474 SF commercial/industrial land parcel available on Airline Highway in Sorrento, LA.
    • Includes two existing residences (not for sale separately).
    • 1,200 feet of frontage on Airline Highway.
    • 548‑foot lot depth.
    • High‑traffic location near a major intersection.
    • 3‑phase electrical service and 30kW generator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Department Store Food Market Grocery Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Sorrento
    County
    Ascension Parish
    State
    Louisiana
    Longitude
    -90.85683888
    Latitude
    30.19255877

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    FAQs

    What type of property is this?
    Multifamily property - Prime Commercial/Industrial Land, High Traffic Area
    Where is this multifamily property located?
    The property is located at 9355 Airline Hwy Sorrento, LA.
    What is the asking price?
    The asking price for this property is $3,044,844.
    What are key features of this property?
    This property features: 507,474 SF commercial/industrial land parcel available on Airline Highway in Sorrento, LA.; Includes two existing residences (not for sale separately).; 1,200 feet of frontage on Airline Highway.
    Request Owner's contact information
    9355 Airline Hwy Sorrento, LA 70778
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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
    9355 Airline Hwy Sorrento, LA 70778
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