0 Apollo Rd Scott, LA 70583
This exceptional 4-acre commercial lot, situated in Scott, Louisiana's thriving West Village development, presents a unique investment opportunity. Located on Apollo Road, just one mile south of I-10, this property boasts 363.43 feet of frontage and 236.53 feet of depth, within the Apollo Road Corridor zoning. The land is priced at $11 per square foot, totaling $1,916,640. West Village is a dynamic 143-acre mixed-use development featuring approximately 400-450 planned single-family homes, a 220-unit apartment complex, a fitness center, a community pool, and a town square. Currently, the area includes established businesses such as Lourdes Physician Group, PJ's Coffee, a dental practice, a State Farm agency, and Louis Lane Boutique. Further enhancing the area's appeal, FNB Jeanerette, American Bank, and Teche Dermatology are under construction. Significant residential growth is imminent, with over 625 homes soon breaking ground in nearby subdivisions (Payton Woods, Berchman Oaks, Harvest Creek, The Pines, and Rue De Belier), adding over 1,000 new homes and 216 apartments within a one-mile radius. The site benefits from existing on-site utilities and requires no detention. The seller is open to subdividing the property, with pricing adjusted based on the resulting lot size and frontage. This prime location offers unparalleled potential for a variety of commercial ventures, capitalizing on the substantial residential growth and established commercial presence within West Village. The 160 dues-paying residents of the existing community provide a built-in customer base.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.