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Property profile & analytics
OFF-MARKET
Land

0 Highway 59 Abita Springs, LA 70420

10.06 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10.06-acre commercial land parcel presents a unique investment opportunity in Abita Springs, Louisiana. Strategically located on Highway 59 at the corner of Millar Street, the property boasts approximately 650 feet of prime highway frontage, ensuring high visibility and accessibility. The site is zoned for Residential - Commercial Overlay, offering flexibility for a variety of development projects. Priced at $2,629,282, or $261,360 per acre, this represents a compelling value in a rapidly growing area. The property is being sold as a single parcel, with the parcel number being 1150311316. Current owners are actively collaborating with the town to revoke the unconstructed streets of South Street and Hayne Avenue, streamlining future development plans. This prime location within the town limits of Abita Springs offers significant potential for commercial ventures, capitalizing on the area's increasing popularity and growth. The substantial lot size and highway frontage make this property ideal for a wide range of commercial uses, from retail and restaurants to light industrial and office spaces. Don't miss this chance to acquire a significant piece of Abita Springs' commercial real estate landscape.

Property profile
Verified
Property type Land
Lot 10.06 ac (438,214 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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