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    501 La-22 Madisonville, LA 70447

    For Sale
    Contact for pricing

    72 Acres, Hwy 22 Frontage, Multi-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 72-acre commercial land parcel presents a unique investment opportunity in Madisonville, Louisiana. Strategically located on the south side of Highway 22, this property boasts approximately 2,200 feet of highway frontage, offering significant visibility and accessibility. The site is zoned C2, permitting a wide range of commercial uses, including multi-family development, a key advantage given the scarcity of similar vacant land in the area. While the total acreage is 72 acres, an estimated 19 acres are considered buildable. The property will require subdivision. Priced at $1,285,020, this reflects the estimated buildable acreage. The location offers convenient access to key infrastructure, situated approximately 1.4 miles from the Tchefuncte River and 4.5 miles from Interstate 12. Note that a wetlands determination is not currently on file. Smaller parcels are also available: a 4-acre parcel with approximately 570 feet of frontage for $304,920 and a 15-acre parcel with approximately 850 feet of frontage for $980,100. This prime location and flexible zoning make this an ideal site for various commercial ventures. Serious inquiries are encouraged.

    Property Features for 501 La-22

    General Information

    Property type
    Land
    Lot Size
    3,136,320 SF

    HighLights

    • Rare vacant land ideal for multi‑family development.
    • 72‑acre tract in Madisonville city limits, south of Hwy 22; suitable for various commercial uses. Priced based on estimated 19‑acre buildable area; subdivision required.
    • C2 zoning permits multi‑family and other commercial uses.
    • Convenient location: ~1.4 miles to Tchefuncte River, ~4.5 miles to I‑12.
    • No wetlands determination currently available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Madisonville
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -90.176285
    Latitude
    30.4168968

    Nearby Similar for Sale

    • $325,000
      0.16 Acres

      Historic Theater Building in Madisonville

      Unique commercial building with historical significance and restoration potential.
      310 Covington St, Madisonville, LA 70447
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    FAQs

    What type of property is this?
    Land - 72 Acres, Hwy 22 Frontage, Multi-Use Potential
    Where is this land located?
    The property is located at 501 La-22 Madisonville, LA.
    What are key features of this property?
    This property features: Rare vacant land ideal for multi-family development.; 72-acre tract in Madisonville city limits, south of Hwy 22; suitable for various commercial uses. Priced based on estimated 19-acre buildable area; subdivision required.; C2 zoning permits multi-family and other commercial uses.
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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
    501 La-22 Madisonville, LA 70447
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