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Property profile & analytics
OFF-MARKET
Lifestyle centers

14123 Greenwell Springs Rd Central, LA 70739

195,678 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Total area 195,678 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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