Property profile

42728 La-42 Prairieville, LA 70769

OFF-MARKET
Land
5.23 ac lot
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Property summary

AI-generated overview

This exceptional 5.229-acre property presents a unique investment opportunity in the thriving Prairieville, Louisiana market. Situated on the north side of Highway 42, this land boasts significant frontage (280 feet) along the highway, offering excellent visibility and accessibility. The property comprises two separate lots totaling 5.229 acres (3.755 acres and 1.474 acres respectively), providing flexibility for development. Located just 5.7 miles east of Airline Highway and 300 feet east of Manchac Point Road, this location benefits from proximity to established residential areas and convenient access to major roadways. The lot depth varies, measuring 1,362 feet along the western edge and 747 feet along the eastern edge. The majority of the land is flat and features mature oak trees, creating a picturesque setting. A significant highlight is the approximately 678 feet of Amite River frontage at the rear of the property, where the land gently slopes down approximately 15 feet. Currently zoned Conservation, allowing for low-intensity residential development, this property offers substantial potential for various uses, capitalizing on the rapid growth of Ascension Parish and its desirable location. The property's APN is 6650800. The asking price is $500,000, translating to approximately $95,602 per acre.

Property profile

Verified
Property type Land
Lot 5.23 ac (227,775 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

42728 La-42 Prairieville, LA 70769
Prairieville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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