16351 Old Scenic Hwy Zachary, LA 70791
- Retail properties
- 1.20 lot acres
Current Use by Public Records
- Retail properties
Property Details for 16351 Old Scenic Hwy
- Lot size
- 1.20 lot acres
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional Zachary, Louisiana property, located at 16351 Old Scenic Hwy, offers a unique investment opportunity. The 1.2 to 46.4-acre site boasts a Planned Unit Development (PUD) zoning designation, allowing for diverse development options. Currently available for sale, ground lease, or build-to-suit arrangements, this land presents significant potential for retail, office, and warehousing uses. The high-traffic location along Old Scenic Highway (31,000 vehicles per day) ensures exceptional visibility. The property's strategic position near the Lane Regional Medical Campus (undergoing a $90 million renovation) and within the Zachary School District adds to its appeal. The site is situated in an area with some of Louisiana's highest household incomes, addressing an underserved retail market. Existing tenants in similar developments include Walgreens, Aldi, O'Reilly Auto Parts, Aspen Dental, Harbor Freight, and Exxon Mobile, demonstrating the area's strong retail performance. The land price ranges from $0.32 to $653,400 per acre, with building prices at $15 per square foot. More than 2000 approved residential lots are located within 0.5 miles, further enhancing the property's value and potential. This is an unparalleled chance to establish a presence in a thriving community experiencing rapid growth. The property's versatility and prime location make it an ideal investment for businesses seeking to capitalize on the Zachary area's expanding market. The APN is 30832421.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Zachary
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.2036
- Latitude
- 30.602
