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    OFF-MARKET
    Land

    2020 Rue La Cannes Dr, Luling, LA 70070

    7.03 ac lot
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Luling Ready Mix Plant Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    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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