0 Frontage Rd Lake Charles, LA 70647
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.
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
Similar Nearby for Sale
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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.