I-12 @ Airport Rd. (1497 Frontage Rd.)
Vacant Land
for Sale
| Catylist Listing ID: |
30852000 |
| Property Subtypes: |
Retail, Self Storage, Other
|
| Gross Land Area: |
15.91 Acres
|
| Sale Price: |
$2,000,000 |
| Unit Price: |
$125,707 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/11/2023 |
Overview / Comments
|
15.91 acres with excellent visibility and accessibility from I-12 and Airport Rd. with 1200' of frontage on Frontage Rd. This tract is adjacent to a Holiday Inn Express to the south and is the northern anchor to a Sam's Club, Walmart, LaQuinta Inn, Homewood Suites and a Starbucks. This retail hub of the I-12/Airport Rd, intersection also includes Academy Sports, Petsmart, Ross for Less, Shoe Carnival and a Comfort Inn.
|
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Saint Tammany |
| Taxing Authority: |
St. Tammany Parish |
| Tax ID/APN: |
1241378465 |
| Zoning: |
C-4 HIGHWAY COMMERCIAL DISTRICT |
| Property Located Between: |
I-12 and Airport Rd. |
| Property Visibility: |
Excellent |
| Legal Description: |
15.91 acres, situated in Section 31, Township 8 South, Range 14 East, St. Tammany Parish. |
| Largest Nearby Street: |
Airport Rd. |
| Feet of Frontage: |
1,200 |
| Highway Access: |
Access to I-12 East and West and Airport Rd. north and south. |
| Lot Frontage: |
1200 sf |
| Lot Depth: |
Various Dimensions |
| Zoning Description: |
C-4 Highway Commercial District |
| In Flood Plain?: |
Yes |
| Topography: |
Level |
| Easements: |
Pipelines |
| Easements Description: |
The subject is encumbered by a 35-foot-wide United gas pipeline servitude that cuts across the southwest corner of the site. The location of the servitude negatively impacts approximately 1-acre of the subject property. With that said, the encumbered area has some utility. |
| Soil Type: |
Other |
| Available Utilities: |
Other |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
24,626 |
62,244 |
| Median Age: |
36.84 |
37.76 |
| Households: |
8,879 |
23,075 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
|
