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    OFF-MARKET
    Land

    2948 La-112, Lecompte, LA 71346

    12 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 12-acre commercial tract presents a prime development opportunity in Lecompte, Louisiana. Strategically located off I-49, near the Forest Hill/Lecompte exit, this property boasts over 900 feet of road frontage on Highway 112, ensuring high visibility and accessibility. Its adjacency to a Burger King and convenience store further enhances its appeal. The land is flat, cleared, and ready for immediate development, eliminating costly site preparation. The property includes a well-maintained 2400 square foot, four-bedroom, two-bathroom home that meets ADA compliance, and a 20x40 shop, both offering potential for immediate rental income and return on investment. This location benefits from significant traffic volume on Highway 112 and the interstate, as well as the substantial traffic generated by approximately 300 nurseries in the Forest Hill area, many of which access I-49 via this exit. The lack of hotels, restaurants, fast-food establishments, and small grocery stores in the surrounding area creates a strong demand for new development, making this property ideal for a variety of commercial ventures. The asking price is $680,000, with a price per acre of $56,600. The property's APN is 21-1-64037-5. This is a rare opportunity to capitalize on a high-traffic location with immediate development potential and existing income-generating assets.

    Property profile
    Verified
    Property type Land
    Lot 12 ac (522,720 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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