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    40512 Ln Hwy 42 Prairieville, LA 70769

    Sponsored
    For Sale
    $1,200,000

    4.26 Acres, High-Traffic Location, Prime Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.26-acre parcel of vacant land presents a remarkable investment opportunity in the thriving Prairieville, Louisiana market. Strategically located at the highly visible, lighted intersection of LA Highway 42 and LA Highway 44, this property boasts exceptional visibility and accessibility. The site is ideally suited for a variety of commercial and residential developments, benefiting from its position directly across from a Walmart Neighborhood Market and surrounded by other established businesses including Dollar General and Sonic. The property enjoys a high traffic count exceeding 27,000 vehicles daily, ensuring significant exposure for any future development. Zoned MU2 (Mixed Use), this land is designated for intensive residential and commercial development, reflecting the area's capacity for substantial growth. The strong average household income in the surrounding area further enhances the investment potential. This cleared lot offers immediate development readiness, making it an attractive proposition for developers seeking a prime location in a rapidly expanding market. The asking price is $1,200,000. This is a rare opportunity to acquire a significant land holding in a high-demand location.

    Property Features for 40512 Ln Hwy 42

    General Information

    Property type
    Land
    Lot Size
    185,566 SF

    HighLights

    • $1,200,000 asking price.
    • 4.26‑acre commercial land parcel.
    • Located at the hard corner of LA Hwy 42 and LA Hwy 44 in Prairieville, LA.
    • High‑traffic area with over 27,000 vehicles per day, near Walmart, Dollar General, and Sonic.
    • MU2 zoning allows for intensive residential and commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Prairieville
    County
    Ascension
    State
    Louisiana
    Longitude
    -90.9232435
    Latitude
    30.324204

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    FAQs

    What type of property is this?
    Land - 4.26 Acres, High-Traffic Location, Prime Development
    Where is this land located?
    The property is located at 40512 Ln Hwy 42 Prairieville, LA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; 4.26-acre commercial land parcel.; Located at the hard corner of LA Hwy 42 and LA Hwy 44 in Prairieville, LA.
    Request Owner's contact information
    40512 Ln Hwy 42 Prairieville, LA 70769
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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
    40512 Ln Hwy 42 Prairieville, LA 70769
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