Property profile

24522 Joe May Rd Denham Springs, LA 70726

OFF-MARKET
Land
Property ID
US36-0768068
1.81 ac lot
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Property summary

AI-generated overview

This exceptional 1.81-acre commercial land parcel, located at 24522 Joe May Rd, Denham Springs, Louisiana, 70726, presents a unique investment opportunity. The property boasts significant potential for diverse income-generating ventures. Currently featuring a substantial existing structure of approximately 7,000 square feet, the building offers considerable flexibility. Its layout includes three separate laundry areas, three distinct living spaces, a large combined kitchen and dining area, and numerous additional sizable rooms adaptable to various uses. The existing structure's configuration suggests possibilities such as a bed and breakfast, a shelter, or other multi-use commercial applications. The property is fully fenced, providing security and privacy. The location in Denham Springs, Louisiana, offers convenient access to local amenities and transportation routes. This property is being offered at $530,000 and represents a compelling chance to acquire a versatile commercial site with immediate development potential. The substantial existing building provides a significant head start for any entrepreneur seeking a ready-made space for their business. This is a rare opportunity to acquire a large parcel of commercial land with an existing structure in a desirable location. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 1.81 ac (78,844 SF)
UPID US36-0768068

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
  • Party Supply Store (Bike/Boat/Book/etc) Store

Location

24522 Joe May Rd Denham Springs, LA 70726
Denham Springs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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