Investment Overview
Prime I-10 Development Opportunity in Prairieville, LA
21 Acres Near I-10 & Hwy 73 Zoned “RM" with Lake Amenity
Price: $2,000,000
Property Overview:
Location: Near I-10 at Hwy 73, Prairieville, LA.
Size: 21 acres Total 12.19-acre lake and 8.77 developable acres.
Zoning: RM (Residential Medium).
Highlights:
- Located in a high-demand area with strong residential growth.
- Unique feature: a scenic 12.19-acre lake ideal for enhancing property aesthetics and stormwater management.
- Prime visibility and access, with nearby major employers driving housing demand.
Property Details
- Total Acreage: 21 acres.
- Developable Land: 8.77 acres zoned for Residential Medium-Density (RM) use.
- Lake Area: 12.19 acres.
- Access: Close proximity to major highways (I-10 and Hwy 73).
- Utilities: Available.
Market Analysis
Demographics:
- Population Growth: Ascension Parish has seen a 35.5% increase in population over the past 10 years.
- Median Household Income: > $70,000.
- Target Market: Young professionals, families, and employees of nearby industrial and commercial centers.
Multi-Family Potential with Rezoning:
- Ideal for garden-style apartments or townhomes with lake views.
- Potential for Medium Intensity for Single Family Residential Development units based on RM zoning. Designed to be adjacent to high intensity mixed use corridors.
- Renderings of possible site layouts available upon request.
Unique Selling Points:
- Lakefront recreational and aesthetic opportunities.
- Close proximity to top-rated schools, Dutchtown High School, Dutchtown Primary School, & and major employers such as BASF, Shell Chemical, & Honeywell.
- Exceptional access via I-10 and Hwy 73 for commuters.
Investment Highlights
- Prime I-10 Development Opportunity in Prairieville, LA
- 21 Acres Near I-10 & Hwy 73 Zoned “RM" with Lake Amenity
- Price: $2,000,000
- Property Overview:
- Location: Near I-10 at Hwy 73, Prairieville, LA.
- Size: 21 acres Total 12.19-acre lake and 8.77 developable acres.
- Zoning: RM (Residential Medium).
- Highlights:
- - Located in a high-demand area with strong residential growth.
- - Unique feature: a scenic 12.19-acre lake ideal for enhancing property aesthetics and stormwater management.
- - Prime visibility and access, with nearby major employers driving housing demand.
- Property Details
- - Total Acreage: 21 acres.
- - Developable Land: 8.77 acres zoned for Residential Medium-Density (RM) use.
- - Lake Area: 12.19 acres.
- - Access: Close proximity to major highways (I-10 and Hwy 73).
- - Utilities: Available.
- Market Analysis
- Demographics:
- - Population Growth: Ascension Parish has seen a 35.5% increase in population over the past 10 years.
- - Median Household Income: > $70,000.
- - Target Market: Young professionals, families, and employees of nearby industrial and commercial centers.
- Multi-Family Potential with Rezoning:
- - Ideal for garden-style apartments or townhomes with lake views.
- - Potential for Medium Intensity for Single Family Residential Development units based on RM zoning. Designed to be adjacent to high intensity mixed use corridors.
- - Renderings of possible site layouts available upon request.
- Unique Selling Points:
- - Lakefront recreational and aesthetic opportunities.
- - Close proximity to top-rated schools, Dutchtown High School, Dutchtown Primary School, & and major employers such as BASF, Shell Chemical, & Honeywell.
- - Exceptional access via I-10 and Hwy 73 for commuters.