Property profile

0 Belle Chasse Hwy/Hwy 23 Terrytown, LA 70053

OFF-MARKET
Land
19.67 ac lot
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Property summary

AI-generated overview

This exceptional 19.67-acre commercial land parcel presents a significant investment opportunity in the thriving Terrytown, Louisiana market. Located on Belle Chasse Highway/Highway 23, in Jefferson Parish, zip code 70053, this property is zoned for Mixed Use Corridor District, offering unparalleled flexibility for a wide range of commercial developments. The asking price is $3,427,000, translating to a land value of $4 per square foot. The site boasts excellent visibility and accessibility from a major thoroughfare. Existing infrastructure includes utilities that stop at the Rouses property line. Potential developers should be aware of existing restrictions, including a Declaration of Restrictions and Grant Easements with Rouses and CVS, as well as an LP&L right-of-way. This prime location offers significant potential for high-return commercial ventures, capitalizing on the area's strong economic growth and strategic positioning. The property's size and zoning make it suitable for a variety of uses, from retail and restaurants to office space and light industrial development. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a substantial commercial land holding in a highly desirable location. Don't miss out on this exceptional investment prospect.

Property profile

Verified
Property type Land
Lot 19.67 ac (856,825 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Belle Chasse Hwy/Hwy 23 Terrytown, LA 70053
Terrytown metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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