Tower Rd Rayne, LA 70526
- Land
- 60.20 lot acres
Current Use by Public Records
- Land
Property Details for 0 Tower Rd
- Lot size
- 60.20 lot acres
- Property type
- Land
Description
This exceptional 60.2-acre commercial land parcel presents a unique investment opportunity in Acadia Parish, Louisiana. Strategically located a quarter-mile south of Interstate 10 at Exit 82, the property boasts exceptional visibility and accessibility, with a daily traffic count of 58,617 vehicles on I-10 and 11,826 vehicles on the adjacent Tower Road and Crowley Rayne Highway. Its prime location offers significant advantages for mixed-use development, encompassing both residential and commercial possibilities. The site is conveniently situated adjacent to Ochsner Acadia General Hospital, ensuring a strong anchor tenant and a steady stream of potential customers. Furthermore, the property benefits from its proximity to established businesses such as Walgreens, Lowe's, and Walmart, as well as community landmarks including North Side Assembly of God, St. Michael's Church School, and Bicentennial Park. The property's location offers easy access to major regional hubs, being only 19 miles west of Lafayette, Louisiana, and 40 miles east of Lake Charles, Louisiana. Preliminary plans indicate the potential for subdividing the land into parcels totaling 51.81 acres, offering approximately 2,622,312 square feet of developable space. This presents a rare chance to acquire a substantial tract of land in a thriving area with high traffic volume and strong surrounding infrastructure. This is an ideal opportunity for developers seeking a high-impact location for a mixed-use project.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rayne
- County
- Acadia Parish
- State
- Louisiana
- Longitude
- -92.3588
- Latitude
- 30.2624
