116 Choctaw Dr Franklinton, LA 70438
This exceptional .54-acre residential lot in the desirable Lake Choctaw subdivision presents a unique opportunity to build your dream home. Located at Lot 116 W Choctaw Drive, Franklinton, LA 70438, this property boasts direct lake access, perfect for fishing enthusiasts. The lot is situated in a beautiful, well-maintained subdivision with underground utilities readily available from the main service line. A minimum building size of 1500 square feet is required, ensuring a cohesive and upscale community aesthetic. The annual HOA fee of $100 is optional. This property is located in a highly-rated school district, offering families a convenient and desirable location for education. Importantly, this lot is in Flood Zone X, eliminating the need for flood insurance, providing significant cost savings. Buyers are encouraged to independently verify the square footage. Don't miss this last chance to own a piece of this tranquil lakefront community. Seize this opportunity to create your ideal lakeside retreat.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.