Property profile

63 Acres Prosperity Rd Franklinton, LA 70438

OFF-MARKET
Land
63 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 63 ac (2,744,280 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

63 Acres Prosperity Rd Franklinton, LA 70438
Franklinton metro
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Value estimations

Realmo proprietary · 4 methods
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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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