Prime Dual Frontage I-10 & Hwy 73 Dutchtown 13.4 Acres

Vacant Land for Sale
Catylist Listing ID: 29967005
Property Subtypes: Agricultural, Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 13.40 Acres
Sale Price: $7,000,000
Unit Price: $522,388 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/22/2017

Overview / Comments

Prime location 13.4 acres vacant land, mostly cleared with DUAL FRONTAGE on both I-10 (351') and Hwy 73 (328') located on Hwy 73 about 800 yards south of I-10 in the high income growth Dutchtown corridor in rapidly developing Ascension Parish. Subject property features commercial zoning MU2 (Mixed Use Corridor) with EXCELLENT ELEVATION and LOWER RISK FLOOD ZONE X WITH FLOOD INSURANCE NOT MANDATORY. SUBJECT PROPERTY DID NOT FLOOD IN 2016 GREAT FLOOD and I-10 HAS SCHEDULED WIDENING TO 6 LANES 2017. Traffic counts from 2013 show +/- 80,000 cars per day on I-10 and +/- 22,000 cars per day on Hwy 73. Front half of subject property off Hwy 73 contains many large live oaks including a number of centennial oaks which creates a beautiful campus setting. All utilities are available except municipal sewer. The nearby Ascension Parish Library, Dutchtown High, Middle and Primary schools are only a few area highlights.
ADJACENT 8.1 ACRES ALSO AVAILABLE (13302 Hwy 73) - COMBINED TRACTS TOTAL 21.5 ACRES with about 525' I-10 frontage and almost 500' Hwy 73 frontage both zoned MU-2. The 2 tract combination flyer is in the document section of listing titled 13332+13302 Hwy 73 COMBO flyer 1-27-17.

Links to drone videos:

Hwy 73 frontage flight to rear at I-10
https://www.youtube.com/watch?v=-lAuYTvJzo8

I-10 frontage flight to front at Hwy 73
https://www.youtube.com/watch?v=deERr6FQ_sI

Additional Details

Nearest MSA: Baton Rouge
County: Ascension
Submarket/Township: 91
Tax ID/APN: 4790000
Zoning: MU2 (COMMERCIAL) MIXED USE CORRIDOR
Property Located Between: I-10 and Hwy 73
Property Visibility: Excellent
Largest Nearby Street: I-10
Traffic/Vehicle Count: 80,000
Highway Access: Excellent
Area Description: Immediate surrounding area is a mix of residential, retail and vacant land. Also located nearby include the Ascension Parish Library, Dutchtown High, Middle & Primary Schools. The 2015 income demographic within a 1 mile radius show over 60% of the households exceed $75,000 and over 40% exceed $100,000. The Ascension Parish Chamber of Commerce summarizes the Ascension area: "Part of the Baton Rouge Metropolitan Statistical Area, Ascension Parish has been one of the fastest growing parishes in the state and one of the fastest growing in the US over the last several years. This growth is fueled by a diversified mix of private employers who have invested billions of dollars in this area. The combination of excellent public schools, a variety of affordable housing to match any lifestyle, and a superior business climate ensures that both residents and businesses can Experience the Ascension Advantage in a live-in, work-in community while having access to the amenities and resources of two nearby metro areas."
Lot Frontage: 328'
Lot Depth: 1,480'
Zoning Description: MU2 (Mixed Use Corridor) Commercial
Topography: Level
Easements: Utilities, Other
Available Utilities: Electric, Water, Gas, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Septic

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 26,769 62,323
Median Age: 32.98 33.98
Households: 9,194 21,778

Contact

Photograph of Listing Agent

Dan Andrews

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
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