16351 Old Scenic Hwy Zachary, LA 70791
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.
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.