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    Cor Of 64 & Plank Rd Zachary, LA 70791

    For Sale
    $3,140,000

    Exceptional development opportunity in rapidly growing Zachary, LA.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 31.9-acre tract of land, located at the corner of Highway 64 and Plank Road in Zachary, Louisiana (zip code 70791), presents a unique investment opportunity. Currently zoned rural, this property offers significant potential for rezoning to accommodate various development projects. Its excellent drainage is a key advantage. Public utilities, excluding sewage, are readily accessible. Situated in East Baton Rouge Parish, this land benefits from its location within one of the fastest-growing areas of the parish and is served by a highly-rated school district. The property's strategic position along Plank Road, a major corridor to Mississippi, further enhances its value, given the increased oil and gas activity and the development of a hydrocarbon pipeline transmission in the neighboring state. This location promises decades of future commercial growth, making it an ideal investment for developers seeking a prime location with substantial upside potential. The asking price for this exceptional property is $3,140,000.

    Property Features for 0 Cor Of 64 & Plank Rd

    General Information

    Property type
    Land
    Lot Size
    1,389,564 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Zachary
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1052579
    Latitude
    30.6488876

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    FAQs

    What type of property is this?
    Land - Exceptional development opportunity in rapidly growing Zachary, LA.
    Where is this land located?
    The property is located at Cor Of 64 & Plank Rd Zachary, LA.
    What is the asking price?
    The asking price for this property is $3,140,000.
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    Cor Of 64 & Plank Rd Zachary, LA 70791
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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
    Cor Of 64 & Plank Rd Zachary, LA 70791
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