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    OFF-MARKET
    Commercial land

    21010 Old Scenic Hwy, Zachary, LA 70791-2378

    0.96 ac lot
    Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US36-1511632
    Property summary
    AI-generated overview

    This exceptional 0.96-acre commercial land parcel presents a compelling investment opportunity in Zachary, Louisiana. Located at 21010 Old Scenic Highway, this property is zoned CG (General Commercial), offering significant potential for diverse development projects. The land is situated in a desirable location near the Church Street intersection, benefiting from strong demographics and convenient access. Priced at $185,000, this translates to $192,708 per acre, reflecting the property's value in this thriving market. The property is classified within submarket LACDB - 11 and sits in Flood Zone X. The available date for this property is June 4th, 2024. This single-tenant-capable lot offers a unique chance to capitalize on the growth and expansion opportunities within the Zachary area. Its strategic positioning and zoning make it an attractive prospect for investors seeking a high-return investment in a rapidly developing commercial sector. The property's size and location combine to create a compelling investment opportunity for those seeking to establish a presence in this dynamic market. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.96 ac (41,818 SF)
    APN 2295288
    UPID US36-1511632
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Lrr Rental Investments LLC · 19 yrs held
    Lrr Rental Investments LLC
    since 2007
    1 recorded transaction
    2007
    $150,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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