Current Use by Public Records
- Commercial real estate
Property Details for I-49
- Lot size
- 23.85 lot acres
- Property type
- Commercial real estate
Description
This exceptional 23.85-acre commercial property boasts 589 feet of road frontage on Highway LA-504, offering unparalleled visibility and accessibility. Strategically located east of Natchitoches, near the I-49 and University Parkway exit, this site benefits from high traffic counts and proximity to a newly constructed Hebert Jeep Chrysler Dodge Ram dealership. The property's Commercial B3 zoning allows for a diverse range of uses, including retail, restaurants, and office spaces, making it an ideal investment opportunity. Utilities are readily available at the street, including SWEPCO electric, Atmos gas, city water, and sewer. Adding to its income potential, an existing billboard on the west property line generates an annual revenue of $3,000, offering a consistent return on investment. Mineral rights will transfer to the buyer. Importantly, this property is not located within a flood zone, mitigating risk. For those seeking an even larger footprint, two adjacent commercial lots totaling 5.24 acres are available for purchase, adding another 557 feet of road frontage and significantly expanding development possibilities. This presents a unique chance to acquire a substantial commercial parcel in a thriving area with excellent visibility and diverse development potential. The asking price for this exceptional opportunity is $960,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Natchitoches
- County
- Natchitoches
- State
- Louisiana
- Longitude
- -93.1718
- Latitude
- 31.7509
