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    Old Scenic Hwy Zachary, LA 70791

    Sponsored
    For Sale
    Contact for pricing

    Prime Retail Space, High Traffic Area

    Property size:
    30,446 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located on Old Scenic Highway in Zachary, Louisiana (zip code 70791), offers 30,446 square feet of space available for sale, ground lease, or build-to-suit opportunities. The property sits on a lot ranging from 1.2 to 46.4 acres and is zoned as Planned Unit Development (PUD), allowing for a variety of uses including convenience stores, restaurants, storefronts, and shopping centers. With a triple-net (NNN) lease type and a price per square foot of $15, this location presents a compelling investment opportunity. The site boasts excellent visibility and high traffic volume (31,000 vehicles per day) and benefits from its proximity to more than 2000 approved residential lots within a half-mile radius and the Lane Regional Medical Campus, currently undergoing a $90 million renovation. The property is situated in an area with some of the highest household income demographics in Louisiana, serving an underserved retail market. This prime location within the Zachary School District makes it ideal for a range of businesses, including grocers, restaurants, retail establishments, and medical and office users. The property's strategic position and the area's rapid growth make this an unparalleled opportunity to establish a presence in a thriving business hub. The APN is 30832421.

    Property Features for 0 Old Scenic Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    30,446 SF
    Lot Size
    52,272 SF

    HighLights

    • 30,446 SF retail space available for sale, ground lease, or build‑to‑suit.
    • Lot sizes up to 46.4 acres.
    • Strong demographics with over 2,000 approved residential lots within 0.5 miles.
    • Planned Unit Development (PUD) zoning.
    • Located on Old Scenic Highway (31,000 vehicles per day) in Zachary, LA, near Lane Regional Medical Campus.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Zachary
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.1930722
    Latitude
    30.648761

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Space, High Traffic Area
    Where is this lifestyle center located?
    The property is located at Old Scenic Hwy Zachary, LA.
    What are key features of this property?
    This property features: 30,446 SF retail space available for sale, ground lease, or build-to-suit.; Lot sizes up to 46.4 acres.; Strong demographics with over 2,000 approved residential lots within 0.5 miles.
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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
    Old Scenic Hwy Zachary, LA 70791
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