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    OFF-MARKET
    Land

    I-10 Service Rd, Iowa, LA 70647

    1.98 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.98-acre parcel of agricultural land is strategically located on I-10 Service Road, Lot 8, in Iowa, Louisiana, zip code 70647, within Jefferson Parish. The property boasts high visibility and significant traffic due to its I-10 frontage near the Highway 383 exit, making it an ideal location for a variety of commercial ventures. Currently subdivided into nine 2-acre tracts, this land offers significant development potential. Imagine the possibilities: a hotel, restaurant, strip mall, or even a bustling flea market could thrive in this high-traffic area. The property's existing infrastructure includes access to city water and sewage, simplifying development and reducing upfront costs. This is a rare opportunity to acquire a substantial piece of land with excellent accessibility and high visibility. The strategic location offers unparalleled exposure to a large volume of daily commuters and travelers. Furthermore, the potential for expansion exists, with additional acreage available on both sides of the property, presenting opportunities for future growth and development. This property is priced at $800,000 and represents a unique investment opportunity in a prime location.

    Property profile
    Verified
    Property type Land
    Lot 1.98 ac (86,249 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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