14123 Greenwell Springs Rd Central, LA 70739
This exceptional 4.492-acre property, located at 14123 Greenwell Springs Road in Central, Louisiana, presents a compelling redevelopment opportunity. Currently vacant and zoned Rural/Agricultural (R/A) with a Corridor Overlay District along the road frontage, this site offers significant potential for commercial development. The property boasts 310.18 feet of frontage on Greenwell Springs Road, ensuring high visibility and accessibility. Situated less than half a mile southwest of the intersection of Central Throughway and Greenwell Springs Road, it benefits from proximity to numerous national retailers, including Oak Point Fresh Market, Sherwin-Williams, Walgreens, Chase Bank, Sonic, Waffle House, Burger King, and Snap Fitness. The land is comprised of two contiguous lots ('E' and 'F') and features a recorded boundary survey. The property's location within Flood Zones X and AE should be considered during the planning process. The land value is priced at $8.50 per square foot, totaling 195,678 square feet. A rezoning will be required for commercial development. This prime location and substantial acreage make this an ideal investment for value-add or redevelopment projects.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.