Property profile

29700 Walker Rd Walker, LA 70785

OFF-MARKET
Retail properties & Spaces
1.27 ac lot
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Property summary

AI-generated overview

This exceptional 1.27-acre commercial land parcel, located at 29700 Walker South Rd, Walker, LA 70785 (APN 0330423), presents a unique investment opportunity. Zoned RC (Residential Commercial), this property offers significant potential for retail development. The asking price is $1,150,000, translating to approximately $905,511 per unit based on current calculations. The site boasts existing driveways and limited on-site parking, enhancing its immediate usability. Crucially, cross easements ensure convenient ingress and egress via O'Reilly's Auto Parts, Walker Plaza Shopping Center, and Walgreens, providing excellent access to Highway 190, Walker South Road, and Aydell Lane. The property's proximity to the new Walker Municipal Building further enhances its desirability. While some use restrictions are in place, the strategic location and existing infrastructure make this a compelling opportunity for developers seeking a well-positioned retail site in a thriving Louisiana community. Interested parties should review the applicable zoning regulations and use restrictions before making an offer. The property's location offers high visibility and accessibility, making it ideal for a variety of retail uses.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.27 ac (55,321 SF)

Cap rate & NOI

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

Location

29700 Walker Rd Walker, LA 70785
Walker 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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