250 Santiny Ln, Grand Isle, LA 70358
This exceptional investment opportunity presents a unique chance to acquire a multifamily property in Grand Isle, Louisiana, located at 250 Santiny, zip code 70358, Jefferson Parish. The property, zoned R1 & R3, encompasses a substantial lot size ranging from 3.5 to 6 acres. Currently configured as an apartment building and classified as both multifamily and commercial, this property offers significant upside potential. A key feature is the right to infill to the jetties, allowing for the expansion of the acreage. This infill potential is supported by a successfully completed similar project in the area, demonstrating the feasibility of increasing the property's size. The asking price for this remarkable opportunity is $1,200,000. Note that an existing campsite is included in the sale but is not factored into the asking price. This presents a rare chance to capitalize on the unique coastal location and the potential for significant land expansion. The property's multifamily and commercial designation provides flexibility for various development strategies. Investors seeking a high-potential coastal Louisiana property should act quickly to explore this exceptional offering.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.