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    OFF-MARKET
    Land

    63 Acres Prosperity Rd, Franklinton, LA 70438

    63 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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