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Property profile & analytics
OFF-MARKET
Commercial real estate

59056 Highway 51 Amite, LA 70422

36,000 SF 6.54 ac lot Built 1955
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 59056 Highway 51 in Amite, Louisiana, presents a significant investment opportunity. The expansive 6.54-acre lot provides ample space for future expansion or development. The existing structure boasts a substantial 36,000 square feet of well-maintained concrete slab, supported by a robust red iron steel frame. Its strategic location adjacent to the railroad tracks and its convenient Highway 51 access offer unparalleled logistical advantages. The property's current state provides a solid foundation for a variety of commercial ventures, from manufacturing and warehousing to distribution and light industrial uses. The large footprint and existing infrastructure minimize initial development costs, making this an attractive option for businesses seeking a ready-to-develop site. The property's size and location make it a rare find in the Amite market, offering significant potential for long-term growth and profitability. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $835,000.

Property profile
Verified
Property type Commercial real estate
Year built 1955
Total area 36,000 SF
Lot 6.54 ac (284,882 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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