Listed by NAI Rampart
$326,318
La Place
Details
APN 612302700028
Property Type Land
Sub Type Commercial
Price Per Acre $2,300
Acreage 145.030
Zoning Rural
Land | 145.03 acres
Marketing description
This expansive 145-acre property, nestled near Norco, Louisiana, offers a rare opportunity for development in one of the region’s most strategically positioned locations. Situated between Interstate 10 and Highway 61, the site provides seamless access to major transportation routes, ensuring convenience for logistics, commerce, and industry. Its proximity to New Orleans enhances its appeal, offering both urban accessibility and the advantages of a more spacious, development-friendly setting.
Surrounded by a growing economic landscape, this property is well-positioned for a variety of uses, whether for industrial expansion, commercial ventures, or large-scale development projects. The area is home to a strong and diverse workforce, with a blend of established businesses and emerging industries that contribute to a thriving local economy.
Investment highlights
- The area contains 14,182 businesses and employs 134,505 people, providing a strong commercial foundation.
- The construction industry employs 13,440 workers, making up 9.9% of total employment, exceeding the U.S. average of 7.1%.
- Healthcare and social assistance industries employ 18,770 people, making up 13.8% of total employment, a key driver of economic stability.
- The 2024 median household income is $69,230, projected to rise to $80,729 by 2029, with an annual growth rate of 3.12%.
- The 2024 per capita income is $40,357, expected to grow to $47,211 by 2029, with a 3.19% annual increase.
- The retail trade sector has 1,545 businesses, employing 18,705 people, accounting for 13.9% of total employment.
- The employment participation rate for the prime working age group (25-54 years) is 84.4%, demonstrating a strong labor market.
- 14,666 workers (10.8%) are employed in ofce and administrative support roles, providing signicant job opportunities.
- The median home value in the area is $280,127, projected to rise to $305,412 by 2029, reecting a steady real estate appreciation.
- The manufacturing industry employs 9,210 workers, forming 6.8% of total employment, showcasing strong industrial infrastructure.
- The overall unemployment rate stands at 4.6%, which is competitive and indicative of a strong job market.
- 58.8% of homes are owner-occupied, while 32.4% are renter-occupied, reecting a healthy housing balance.
- This sector employs 7,851 people, accounting for 5.8% of jobs, beneting from strategic location advantages.
- The 2024 population is 268,846, with a moderate projected decrease to 263,361 by 2029, maintaining demographic stability.
- Businesses and developers use cap rates and cost return analyses to establish rental pricing, ensuring fair market values.
Listing Contacts
Listed by NAI Rampart
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