0 Russo Milazzo Rd Saint Martinville, LA 70582
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.
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.
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.