Property profile

21010 Old Scenic Hwy Zachary, LA 70791

FOR SALE
Commercial land
Property ID
US36-1511632
0.96 ac lot
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

21010 Old Scenic Hwy Zachary, LA 70791
Zachary metro Census 4605 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

since 2007
1 recorded transaction
2007
$150,000

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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