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    Greenwell Springs Rd Central, LA 70818

    For Sale
    $1,417,500

    Prime development land, residential zoning. Excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 67.5-acre parcel of land presents a unique investment opportunity in Baton Rouge, Louisiana. Located on Greenwell Springs Road in East Baton Rouge Parish, zip code 70818, this property boasts a desirable rural zoning designation, offering versatility for various development projects. The land is situated adjacent to the Northwood neighborhood, providing convenient access to established amenities. With a total area of 67.5 acres, the land is priced at $21,000 per acre, totaling $1,417,500. The property's APN is 004-2881-7. Its location in a rural area, combined with its proximity to a residential neighborhood, makes it suitable for a range of development options, including residential, industrial, or agricultural projects. The property is classified as residential land, specifically a mobile home park subtype. Detailed information regarding permitted uses and development regulations can be obtained through the appropriate local authorities. This substantial acreage presents a compelling opportunity for developers seeking a prime location for a new project in a growing area. Serious inquiries are encouraged.

    Property Features for 0 Greenwell Springs Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    2,940,300 SF

    HighLights

    • $1,417,500 asking price.
    • 67.5‑acre residential land parcel in Baton Rouge, LA.
    • Rural zoning.
    • $21,000 per acre land value.
    • APN: 004‑2881‑7.
    • Suitable for residential, industrial, or agricultural development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Central
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.0308243
    Latitude
    30.5096108

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    FAQs

    What type of property is this?
    Multifamily property - Prime development land, residential zoning. Excellent location.
    Where is this multifamily property located?
    The property is located at Greenwell Springs Rd Central, LA.
    What is the asking price?
    The asking price for this property is $1,417,500.
    What are key features of this property?
    This property features: $1,417,500 asking price.; 67.5-acre residential land parcel in Baton Rouge, LA.; Rural zoning.
    (225) 766-6162
    Request Owner's contact information
    Greenwell Springs Rd Central, LA 70818
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    Central, LA 70818
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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 Central, LA 70818
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