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Property profile & analytics
FOR SALE
Commercial real estate

915 Hospital Rd New Roads, LA 70760

2.04 ac lot
Entity Owned 4-yr Hold Free & Clear
Property ID
US36-2191665
Property summary
AI-generated overview

This exceptional 0.5-acre commercial land parcel presents a unique development opportunity in New Roads, Louisiana, situated within the Baton Rouge MSA. Boasting a highly desirable C-3 (Highway Commercial) zoning designation, this property offers unparalleled flexibility for a wide range of commercial ventures. Its strategic location provides excellent visibility and accessibility, being directly adjacent to a Sonic Drive-in and just one block from a Walmart Supercenter. The site benefits from proximity to other established retailers, including fast-food restaurants, Hibbett Sports, and a Family Dollar, ensuring high foot traffic and consumer visibility. Furthermore, its location is within half a mile of Pointe Coupee General Hospital and residential areas along the False River, providing a strong customer base and convenient access for employees and patrons. This prime location, combined with its versatile zoning and high-traffic exposure, makes this property an ideal investment for developers seeking a thriving commercial location in a rapidly growing area. The property's size and zoning make it suitable for a variety of commercial uses, offering significant potential for return on investment. Don't miss this chance to secure a highly visible and strategically located commercial development site in the heart of New Roads.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.04 ac (88,819 SF)
APN 706976
UPID US36-2191665
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
Current use
Occupant on record · Public records
  • Sonic Drive-In Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.71M
Owner & transaction history
422 Canal St Corp · 4 yrs held
422 Canal St Corp
since 2022
Last sale
$1.9M
1 recorded transaction
2022
$1.9M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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