Property profile

40512 Ln Hwy Prairieville, LA 70769

OFF-MARKET
Specialty properties
4.26 ac lot
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Property summary

AI-generated overview

This exceptional 4.26-acre parcel of vacant land presents a remarkable investment opportunity in the thriving Prairieville, Louisiana market. Strategically located at the highly visible, lighted intersection of LA Highway 42 and LA Highway 44, this property boasts exceptional visibility and accessibility. The site is ideally suited for a variety of commercial and residential developments, benefiting from its position directly across from a Walmart Neighborhood Market and surrounded by other established businesses including Dollar General and Sonic. The property enjoys a high traffic count exceeding 27,000 vehicles daily, ensuring significant exposure for any future development. Zoned MU2 (Mixed Use), this land is designated for intensive residential and commercial development, reflecting the area's capacity for substantial growth. The strong average household income in the surrounding area further enhances the investment potential. This cleared lot offers immediate development readiness, making it an attractive proposition for developers seeking a prime location in a rapidly expanding market. The asking price is $1,200,000. This is a rare opportunity to acquire a significant land holding in a high-demand location.

Property profile

Verified
Property type Specialty properties
Lot 4.26 ac (185,566 SF)

Cap rate & NOI

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

Location

40512 Ln Hwy Prairieville, LA 70769
Prairieville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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