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    Mile 141.5 Bank Riv LaPlace, LA 70068

    For Sale
    $10,100,000

    Riverfront Manufacturing/Warehouse, $10.1M

    Property size:
    8,450,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional industrial property, located in LaPlace, Louisiana (zip code 70068), presents a significant investment opportunity. Encompassing approximately 194 acres on the West Bank River Mile 141.5, this site boasts 8,450,640 square feet of manufacturing and warehouse space, priced at $1.20 per square foot. The property features direct access to the Mississippi River, offering a deep draft (50' at barge dock, 42' at low river) ideal for large-scale import/export operations. A previously engineered barge dock (plans available) complements the existing Class 1 Union Pacific rail access and on-site refined products pipeline. The site's strategic location between Baton Rouge and New Orleans provides easy access to the US Gulf Coast industrial complex and the global market via the Gulf of Mexico. Detailed wetland assessments are available, indicating minimal jurisdictional wetlands. State Highway 18 provides convenient road access. This turnkey operation offers immediate potential for significant returns. The property is being offered for sale by owner at $10,100,000.

    Property Features for Mile 141.5 Bank Riv

    General Information

    Property type
    Distribution properties
    Square Feet
    8,450,640 SF
    Lot Size
    8,450,640 SF

    HighLights

    • 194± total acres, comprised of two tracts.
    • Tract 2: 117 acres (1.643± acres unusable river road).
    • Tract 3: 77 acres, including approximately 23± acres of wetlands.
    • 1,822± linear feet of Mississippi River frontage with deep draft (50’± at barge dock, 42’ at low river).
    • Existing barge dock; previously engineered plans (USACE favorably reviewed, available upon request).
    • Favorable wetlands determination with minimal jurisdictional wetlands.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    LaPlace
    County
    St. John the Baptist Parish
    State
    Louisiana
    Longitude
    -90.611800108924
    Latitude
    30.029100321664

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    FAQs

    What type of property is this?
    Distribution property - Riverfront Manufacturing/Warehouse, $10.1M
    Where is this distribution property located?
    The property is located at Mile 141.5 Bank Riv LaPlace, LA.
    What is the asking price?
    The asking price for this property is $10,100,000.
    What are key features of this property?
    This property features: 194± total acres, comprised of two tracts.; Tract 2: 117 acres (1.643± acres unusable river road).; Tract 3: 77 acres, including approximately 23± acres of wetlands.
    Request Owner's contact information
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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
    Mile 141.5 Bank Riv LaPlace, LA 70068
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