63 Acres Prosperity Rd, Franklinton, LA 70438
This exceptional ±63-acre property in Franklinton, Louisiana, presents a unique blend of development and recreational potential. Located on Prosperity Road, conveniently situated off Highway 438 and approximately 3 minutes from the intersection with Highway 25, this property offers easy access to local amenities and surrounding areas. The land is comprised of approximately 28 acres of cleared land, already subdivided and improved with a gravel road, ideal for residential development. Three newly constructed homes are currently available for sale separately on this portion of the property. The remaining ±35 acres consist of wooded terrain, perfect for hunting, recreational activities, or conservation efforts. The property's APN is 0800050651. This versatile land parcel offers a compelling investment opportunity for developers and outdoor enthusiasts alike, combining immediate income potential with long-term growth prospects. The asking price for this expansive tract is $424,710. The property is zoned for Commercial, Hunting/Recreational, and Residential uses. This is a rare opportunity to acquire a significant land holding in a desirable location with diverse development possibilities.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.