0 Highway 16 Pine Grove, LA 70453
This exceptional 5.3-acre commercial land parcel presents a unique investment opportunity in Pine Grove, Louisiana. Strategically located at the northwest corner of Highway 16 and Highway 63, this property enjoys high visibility and convenient access. Its prime location directly across from the Grand Paradise Truck Stop ensures significant traffic exposure, making it ideal for a variety of commercial ventures. The land was recently part of a larger 509-acre tract that has successfully sold, indicating strong market demand in the area. This sizable lot offers ample space for development, allowing for flexibility in design and construction to suit diverse business needs. The asking price of $250,000 represents a compelling value for this strategically positioned property in a growing Louisiana market. With its excellent location and substantial size, this parcel is poised for immediate development and promises significant return on investment. The property's proximity to major roadways ensures easy accessibility for customers and employees alike. This is a rare opportunity to acquire a highly visible and well-situated commercial land parcel in a desirable location. Don't miss out on this chance to secure a prime piece of Louisiana real estate. The zip code is 70453.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.