101 Commercial Dr Pearl River, LA 70452
- Mobile home & RV parks
Current Use by Public Records
- Mobile home & RV parks
Property Details for 101 Commercial Dr
- Property type
- Mobile home & RV parks
- APN
- 94094
- APU
- 94094
Description
This exceptional 2.15-acre industrial land parcel, located at 101 Commercial Drive in Pearl River, Louisiana, presents a compelling investment opportunity. Zoned HC-2, this property boasts unparalleled accessibility and visibility, situated directly on Commercial Drive with frontage on the I-59 Service Road. Its strategic location offers significant advantages, positioned directly across the interstate from a substantial Associated Grocers Wholesale Gulf Coast facility (nearly 750,000 square feet) and a large Rooms To Go Outlet (almost 850,000 square feet). This proximity to major distribution centers provides immediate logistical benefits for businesses in warehousing, distribution, logistics, manufacturing, or light industrial operations. The property's vibrant commercial and industrial environment is further enhanced by its adjacency to RV/boat storage facilities and the headquarters of "The Crayon Case." The site offers easy access to I-59, ensuring efficient transportation and distribution. The well-established commercial zone supports industrial development, creating a conducive environment for business growth. High visibility from the I-59 Service Road provides significant marketing and operational advantages. The asking price is $525,000, translating to $244,697 per acre. This single-tenant property is ideal for businesses seeking to optimize logistics and operational efficiency within a thriving commercial area. The property's location and features make it a highly desirable site for expansion or new development. The zip code is 70452.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $400,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $430,000
- Mixed-Use
- $320,000
- Hospitality
- $345,000
- Educational
- $320,000
- Residential Income
- $405,000
- Energy
- $370,000
- Income-Based Land
- $370,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Pearl River
- County
- Saint Tammany
- State
- Louisiana
- Longitude
- -89.7395
- Latitude
- 30.3542
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
