Technical
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Property profile

2948 La-112 Lecompte, LA 71346

OFF-MARKET
Land
12 ac lot
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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

Location

2948 La-112 Lecompte, LA 71346
Lecompte metro
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Value estimations

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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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