Listed by NAI Rampart
$2,320,000
All or Part Available: Lot. Y & Lot Z
Details
APN 0450072000
Property Type Land
Sub Type Commercial
Price Per Acre $130,600
Acreage 17.760
Land | 17.76 acres
Marketing description
A levee is currently under construction to help protect these tracts from storm flooding by Lake Pontchartrain. Of the approximately 1,500 acres north of Interstate 10 that will be protected by the levee, about 750 of those are zoned rural - keeping the door open for potential residential development. The other 750 acres are part of the parish's Environmental Conversation District, which will protect land from development to maintain proper drainage.
The 750 acres that is part of the Environmental Conservation District has been granted approval by the Federal Government to serve as mitigation for the 750 acres on I-10 opening that land for residential and commercial development.
Investment highlights
- Submarket St John the Baptist Parish
Listing Contacts
Listed by NAI Rampart
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
