Property profile

0 Highway 73 Prairieville, LA 70769

OFF-MARKET
Specialty properties
7,493 SF 1.28 ac lot
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Property summary

AI-generated overview

This exceptional 7,493 square foot facility in Prairieville, Louisiana, presents a unique investment opportunity. Situated on a 1.28-acre lot with approximately 1510 feet of dual frontage on Highway 73, this property boasts high visibility and convenient interstate access. Currently configured as a daycare center, the single-story building is well-equipped and adaptable for various uses, including potential reconfiguration for medical offices. The all-metal structure offers flexibility, and ample parking and multiple fenced playgrounds are included. The property is zoned MU2 – Mixed Use 2, allowing for diverse development options. Located in a rapidly growing area near Baton Rouge General, Bluff Ridge Primary School, and Fellowship Church, this location offers excellent convenience and accessibility. The seller is highly motivated to close by the end of 2024, making this an attractive proposition for buyers seeking a turnkey operation or redevelopment project. The asking price is $900,000, and a triple net (NNN) lease is available. The property's APN is 20021774. This prime location, combined with the motivated seller and flexible zoning, presents a compelling investment opportunity in a thriving Louisiana market. Daily traffic on Hwy 73 is approximately 21,191 vehicles.

Property profile

Verified
Property type Specialty properties
Total area 7,493 SF
Lot 1.28 ac (55,757 SF)

Cap rate & NOI

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

Location

Highway 73 Prairieville, LA 70769
Prairieville metro
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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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