0 Ln 18 Hwy Waggaman, LA 70094
This exceptional 133-acre commercial land parcel presents a remarkable investment opportunity in Waggaman, Louisiana. Located on LA 18 Highway, this expansive tract boasts a prime location less than 15 miles from New Orleans, offering convenient access to a major metropolitan area. The land is completely cleared and ready for immediate development. A significant advantage is the existence of pre-approved plans for a residential subdivision, complete with a pre-established CCR (Covenants, Conditions, and Restrictions) readily available to the new owner. This significantly streamlines the development process, saving time and resources. Adding to its appeal, the property features three freshwater ponds, each stocked with fish, providing a unique and attractive amenity. The property's river road frontage further enhances its desirability and potential for various commercial ventures. This is a rare chance to acquire a large, well-situated parcel with substantial development potential in a rapidly growing area. The asking price for this exceptional property is $2,800,000. Detailed plans and CCR documentation are available upon request. This property is zoned for commercial use and offers significant potential for a variety of development projects. The location, size, and existing infrastructure make this a truly unique opportunity.
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
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.