Property profile

250 Santiny Ln Grand Isle, LA 70358

OFF-MARKET
Land
Property ID
US36-1386860
3.5 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 3.5 ac (152,460 SF)
UPID US36-1386860

Cap rate & NOI

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

Location

250 Santiny Ln Grand Isle, LA 70358
Grand Isle metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

3 recent transactions · within 1.5 mi
Comparable in this city
3 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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