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15545 Airline Hwy - 27.64 AC of Prime Commercial Development Prop 27.64 Acres of Commercial Land Offered at $14,168,973 CAD in Prairieville, LA 70769

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INVESTMENT HIGHLIGHTS

  • Heavy traffic up to 46,000 VPD.
  • Willing to subdivide

EXECUTIVE SUMMARY

Large developers dream. This is the largest commercial tract with the most frontage on Airline Highway located in Ascension Parish between Baton Rouge/Prairieville and Gonzales. For the past decade Prairieville has been the fastest growing suburb of Baton Rouge, with Ascension being the fastest growing parish in Louisiana, with continued growth predicted going forward. Large traffic counts and multiple businesses make this a prime area for massive development.
New reduced price! Note the Louisiana Flea Market pays approximately $300,000 in net annual rents. They are month to month.
Airline Hwy traffic counts exceed 46,000 north of the property and 25,000 south of the property.
The property is mostly cleared, high (located in Flood Zone X) and zoned MU (Mixed Use).
Current use of a portion of the property is as The Flea Market of Louisiana.
Because of its size and location, the property can be developed into a wide range of uses including multifamily, commercial/retail, medical, office and light industrial.
This unique property offers years of premium development inventory in Baton Rouge’s fastest growing suburb in Louisiana’s fastest growing parish.

PROPERTY FACTS

Price $14,168,973 CAD
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
Total Lot Size 27.64 AC
Zoning MU - Mixed Use

1 LOT AVAILABLE

Lot

Price $14,168,973 CAD
Price Per AC $512,625.66 CAD
Lot Size 27.64 AC

The property houses the Louisiana Flea Market but is prime for redevelopment. The tenant pays approximately $300,000 in net annual rents. the lease can be terminated at closing or extended by the purchaser.

DESCRIPTION

27.64 acres of prime commercial real estate on Airline Hwy in Ascension Parish, LA. This is the growth area of the greater Baton Rouge market.

  • Listing ID: 17654637

  • Date on Market: 2019-11-06

  • Last Updated:

  • Address: 15545 Airline Hwy, Prairieville, LA 70769

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