40512 La-42 Prairieville, LA 70769
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Land
Property Details for 40512 La-42
- Lot size
- 4.26 lot acres
- Property type
- Land
- Property subtype
- High-rise multifamily apartments
Description
This exceptional 4.26-acre parcel, located at the highly visible intersection of Hwy 42 and Hwy 44 in Prairieville, Louisiana, presents a remarkable investment opportunity. Situated directly across from a Walmart Neighborhood Market, this property boasts a strategic location within a thriving commercial corridor. The MU2 zoning permits both intensive residential and commercial development, making it suitable for a variety of projects, including single-family and multi-family housing. Currently, a house on the property is leased, providing potential rental income. The site benefits from its position on a well-lit intersection, ensuring high visibility and accessibility. With over 27,000 vehicles passing daily, this location offers unparalleled exposure. The property is in Flood Zone X, eliminating the need for flood insurance. Convenient access to major state and US highways further enhances its appeal. The land is largely cleared, simplifying development. Adjacent to the property, an additional 0.79 acres is also available for purchase. This property's combination of location, zoning, and accessibility makes it an exceptional opportunity for developers seeking a high-impact investment in a rapidly growing market. The Ascension Parish location offers strong average household incomes and high traffic counts. The property's APN is 7553009. The asking price is $1,200,000, with a land value of $8.50 per square foot.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Prairieville
- County
- Ascension Parish
- State
- Louisiana
- Longitude
- -90.9232
- Latitude
- 30.3242
