Property profile

1215 Independence Blvd Zachary, LA 70791

OFF-MARKET
Commercial real estate
Property ID
US36-1553637
1 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5.24-acre commercial land parcel presents a unique investment opportunity in the thriving Zachary, Louisiana market. Strategically located on Highway 964, directly across from the Copper Mill Subdivision, this property boasts high visibility and excellent access. The asking price is $1,027,144. The seller is willing to subdivide the land into one-acre lots, offering flexible development options. Pricing for subdivided lots ranges from $5.50 to $6.50 per square foot, depending on the specific location within the parcel. This prime location benefits from its proximity to the highly-rated Zachary schools, consistently ranked #1 in the state for nine consecutive years. This strong school system contributes to a desirable residential environment, further enhancing the property's commercial potential. The property's address is 1215 Independence Blvd, Zachary, LA 70791, situated in East Baton Rouge Parish. Its coordinates are 30.6428489 latitude and -91.191256 longitude. This presents a rare chance to acquire a substantial tract of land in a rapidly growing area with exceptional potential for various commercial ventures. The property's size and location make it ideal for a variety of uses, from retail to light industrial development. Don't miss this opportunity to secure a piece of Zachary's vibrant commercial landscape.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Lot 1 ac (43,560 SF)
APN 2830094
UPID US36-1553637

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Physician
  • Medical Clinic

Location

1215 Independence Blvd Zachary, LA 70791-7390
Zachary metro Census 4606 BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

1 recorded transaction
1969
Price N/A

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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