Property profile

0 Central Trwy Central, LA 70739

OFF-MARKET
Land
22 ac lot
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Property summary

AI-generated overview

This exceptional 22-acre property presents a unique investment opportunity in Greenwel Springs, Louisiana. Located along the Central Thruway, this land boasts approximately 1,000 linear feet of frontage, offering significant development potential. Currently zoned ORD and B4 by the City of Central, the property's zoning allows for a variety of commercial and residential uses. The asking price has been significantly reduced to $725,000, reflecting a substantial 25% price decrease. Floodplain analysis reveals a mix of Zone X and AE designations, which should be considered during any development planning. This bank-owned foreclosure presents a compelling opportunity for developers and investors seeking a large parcel of land in a rapidly growing area. The property's strategic location and substantial acreage make it ideal for a wide range of projects, from commercial ventures to residential subdivisions. Detailed zoning information and flood maps are available upon request. This is a rare chance to acquire a significant land holding in East Baton Rouge Parish, Louisiana, at a significantly reduced price. Serious inquiries are encouraged. The property's address is Central Throughway, Greenwel Springs, LA 70739.

Property profile

Verified
Property type Land
Lot 22 ac (958,320 SF)

Cap rate & NOI

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

Location

Central Trwy Central, LA 70739
Central 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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