Property profile

0 Frontage Rd Welsh, LA 70591

OFF-MARKET
High-rise multifamily apartments
33 ac lot
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Property summary

AI-generated overview

This exceptional 33-acre parcel of land presents a unique investment opportunity situated on the south side of I-10 Service Road, Exit 45, in Lacassine, Louisiana. Zoned I-2, this property boasts 1,659 feet of frontage directly on the I-10 service road, providing unparalleled visibility and accessibility. Its strategic location offers convenient access to major transportation routes, placing it within 12 miles of Lake Charles, LA. The property's versatility is highlighted by its suitability for a wide range of commercial and industrial uses, including but not limited to industrial development, commercial ventures, retail establishments, hospitality projects, manufacturing facilities, lay-down yards, and convenience stores. The asking price is $1,150,000. This expansive site is also divisible, with the possibility of purchasing in 4-acre tracts, offering flexibility for various development scenarios. Furthermore, owner financing is available, making this an even more attractive proposition for potential buyers. The property's proximity to a newly constructed $21 million rice mill further enhances its potential for growth and development. The Jefferson Davis Parish location and the I-2 zoning provide a solid foundation for a variety of successful ventures. The APN is 800203200|1.

Property profile

Verified
Property type High-rise multifamily apartments
Lot 33 ac (1,437,480 SF)
APN 800203200|1

Cap rate & NOI

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

Location

Frontage Rd Welsh, LA 70591
Welsh metro
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Value estimations

Realmo proprietary · 4 methods
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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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