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Property profile & analytics
OFF-MARKET
Land

0 Highway 16 Pine Grove, LA 70453

5.3 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 5.3 ac (230,868 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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