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Property profile & analytics
OFF-MARKET
Land

0 Russo Milazzo Rd Saint Martinville, LA 70582

44.6 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 44.6-acre property presents a unique opportunity for residential development near St. Martinville, Louisiana. Located on Russo Milazzo Road, the land boasts approximately 230 feet of road frontage. The front portion, roughly 15 acres, was previously used for sugarcane farming. The property is zoned R-2, allowing for various residential uses, including the potential for a mobile home park. The rear 29 acres are heavily wooded and border Cypress Island Coulee. Note that a portion of the rear acreage falls within the 100-year floodplain. Public water is available to the property. Currently, there is no existing plat available for the land. Convenient access is also provided via Laurie Lane and Cypress Creek Road. The asking price is $155,000, translating to approximately $3,632 per acre. The property's APN is 1450002465. This land offers significant potential for a variety of residential projects, making it an attractive investment in a desirable Louisiana location. Buyers are advised to conduct their own due diligence regarding zoning regulations and flood plain information.

Property profile
Verified
Property type Land
Lot 44.6 ac (1,942,776 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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