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Property profile & analytics
OFF-MARKET
Land

0 Frontage Rd Lake Charles, LA 70647

88 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 88-acre parcel presents a remarkable development opportunity in Iowa, Louisiana. Strategically located on Frontage Road and LA 101, this expansive land offers unparalleled versatility for a wide range of commercial and residential projects. Currently zoned for both commercial and industrial uses, the property boasts pre-approved plans for a mobile home park, apartment complex, or residential subdivision, making it an ideal investment for developers seeking immediate action. The seller is willing to subdivide the land to accommodate specific project needs. Infrastructure is already in place, with existing water retention ponds, eliminating significant upfront development costs and expediting the construction process. Priced at $19,166,400, with a land value of $5 per square foot, this property represents a significant opportunity for substantial return on investment. Its prime location and flexible zoning make it an attractive proposition for various development scenarios, promising a high potential for future growth and profitability. The "shovel-ready" status of this property ensures a swift transition from acquisition to construction, minimizing delays and maximizing efficiency. This is a rare chance to acquire a large, versatile tract of land in a rapidly developing area.

Property profile
Verified
Property type Land
Lot 88 ac (3,833,280 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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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