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2020 Rue La Cannes Dr Luling, LA 70070

OFF-MARKET Land Google Maps
7.03 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 7.03-acre parcel in Luling, Louisiana's Esperanza Business Park presents a unique development opportunity. Zoned for light industrial use, this property boasts convenient access to I-310 and the New Orleans airport, ensuring seamless regional connectivity. Located along Rue La Cannes Drive, the land benefits from its proximity to major thoroughfares, including Deputy Jeff G. Watson Drive and Judge Edward Dufresne Parkway, with a planned extension to LA Highway 3127 enhancing accessibility. The site's strategic position offers advantages for businesses seeking efficient transportation links, with Union Pacific Railroad running adjacent to the property and parallel to Highway 18 and the Mississippi River. Currently, neighboring parcels are under development for warehouse use, indicating a thriving business environment. While lot sizes and prices vary within the park, this specific parcel is ready for immediate development, subject to Esperanza Business Park's restrictions. This prime location offers significant potential for light industrial ventures seeking a strategic foothold in a rapidly growing area. The land's value is $72,052 per square foot, reflecting its exceptional location and development potential. The asking price for this specific parcel is $1.

Property profile

Verified
Property type Land
Lot 7.03 ac (306,227 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

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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