Development Opportunity in Rapidly Growing Prairieville, LA
This property, located on Highway 42 near the intersection of Old Jefferson Highway (Hwy 73) and Hwy 42 in Prairieville, LA, presents an excellent opportunity for developers interested in both commercial and residential projects. Zoned MU-2 (Mixed Use Corridors), the site is suitable for a variety of development options, including retail, office, and residential use.
Key Features:
Prime Location: The property is located directly on Hwy 42, benefiting from high traffic visibility with counts ranging from 24,000 to 27,000 vehicles per day, providing significant exposure for any commercial venture.
Growing Area: The surrounding area is experiencing rapid development, with new establishments such as Wash N Roll Car Wash, Oak Grove Market, Meadows at Oak Grove Subdivision, and Oak Grove Townhomes nearby, making this location ideal for new projects.
Ready for Development: All utilities are already on site, which simplifies the development process and reduces upfront costs.
Flood Zone X: The property is in Flood Zone X, which indicates a low risk of flooding. It did not flood in the significant events of 2016 or 2021, ensuring stability for future development.
Zoning Flexibility: The MU-2 zoning allows for a wide range of commercial and residential developments, offering flexibility to meet the demands of the growing Ascension Parish.
Owner Financing Available: Flexible financing options are available to support the development process.
This property offers a solid foundation for commercial or residential development in a rapidly expanding area. With its strategic location, available utilities, and flexible zoning, it is well-suited to a variety of development plans.
Dex Shill
NAI Latter & Blum
