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Property profile & analytics
OFF-MARKET
Marinas

2914 Lake Palourde Rd Morgan City, LA 70380

7,600 SF 5.18 ac lot
Property ID
Property summary
AI-generated overview

This exceptional waterfront industrial property in Morgan City, Louisiana, presents a unique investment opportunity. Located at 2914-2916 Lake Palourde Road, this 5.18-acre site boasts 7,600 square feet of building space, encompassing 4,536 square feet of warehouse and 3,064 square feet of office space. The property features two buildings and offers significant waterfront access with 506 linear feet of frontage on the Avoca Island Cutoff waterway, providing convenient access to the Intracoastal Waterway and the Gulf of Mexico. A substantial 182 linear feet of the waterfront is improved with a bulkhead. The site also benefits from a generous 54-foot overhead clearance. The asking price is $525,000, translating to $69.08 per square foot. This vacant property is ideal for a variety of manufacturing or industrial uses, offering a prime location with excellent water access and ample space for expansion. The property is zoned for industrial use and is situated in St. Mary Parish, Louisiana, with a zip code of 70380. The total lot size is 225,641 square feet. This is a for-sale-by-owner listing.

Property profile
Verified
Property type Marinas
Total area 7,600 SF
Lot 5.18 ac (225,641 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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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