78043 La-21, Bush, LA 70431
This exceptional 18.84-acre property in Bush, Louisiana, presents a unique investment opportunity. Situated on Highway 21, the land comprises two parcels totaling 820,670 square feet. One parcel, spanning 13.18 acres, is zoned I-2 Industrial and features a substantial 40,092-square-foot open-span building, previously utilized as a horse arena. This offers significant potential for various industrial uses or redevelopment. The second parcel, encompassing 5.64 acres, is zoned L-1 Large Lot Residential, providing ample space for a residential structure or office building. The combined acreage boasts over 1000 feet of highway frontage, ensuring high visibility and accessibility. This strategic location allows for a diverse range of development options, including the possibility of a combined residential/commercial venture – perhaps a home or office on the residential parcel and a business on the industrial parcel. Adding to its appeal, the property includes an active cell tower lease, generating additional income potential. The asking price for this versatile property is $1,372,000. The property's APN is 72634, located at 78043 LA-21, Bush, LA 70431, in St. Tammany Parish.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.