The Salmen Estate (6,000+ Acres)

Vacant Land for Sale
Sale Pending
Also listed as Farm/Ranch, Industrial
Catylist Listing ID: 30168540
Property Subtypes: Agricultural, Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad
Status: Pending
Gross Land Area: 6,031 Acres
Sale Price: $25,000,000
Unit Price: $4,145 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2023

Overview / Comments

This 6,000+ Acre Estate sits ideally less than 2 miles from the I-12, I-10 and I-59 interchange leading to New Orleans, Atlanta, and Mobile. It also falls directly between two main north and south Louisiana Highways (Hwy 434 and Hwy 11). With a strong local work force, excellent quality of life, rails to trails, and top ranked school system, this water front community within St Tammany Parish sets itself apart in the region. The proximity to a large city, accessibility from surrounding roadways, frontage along the interstate and size make this Estate Property a rare find.

From a development and opportunity perspective, St. Tammany Parish stands as a prime location for business relocation and growth as regional higher-education entities and major corporations continue to partner together for the benefit of local workforce development. The Parish has been one of the fastest growing in the state for more nearly 20 years straight adding over 60,000 residences since 2000. Additionally, as one of the fastest growing airports in the nation offering over 150 daily flights and eight international connections, the state of the art Louis Armstrong International Airport in New Orleans creates global intermodal connectivity and increasing opportunities for future land use and demand.

Further, St. Tammany Parish stands as a prime location for business relocation and growth. The school systems lead the state, and coupled with regional higher-education partnerships with major corporations and the influx of new corporate headquarters (such as Smoothie King and DXC), This location and potential development is primed to support a diversity of future users. Situated between two major NASA facilities with significant utility and rail proposed, to support logistics and transportation enterprises.

The State of Louisiana has selected and named an area within this 6,000+ Acre site as its primary opportunity for a mega-site advanced manufacturing facility. Louisiana Economic Development is continuing to work towards this opportunity that will have a major impact on the region and more directly the remaining Salmen Estate property. Bilten Park, as the mega-site opportunity has been coined, presents all the characteristics that a quality development park demands. Less than 45 miles from New Orleans’ central business district, and boasting 3.5 linear miles of frontage along I-12, and its connectivity to three interstate thoroughfares (I-10, I-12, and I-59) Bilten features exceptional connectivity to major metropolitan destinations such as Atlanta, Kansas City and Houston, to name a few. Louisiana's 6 national rail services, and the connectivity to the port of New Orleans help ensure expedient freight transportation. Possessing both deep and shallow drafts, the port of New Orleans and other regional ports open access to worldwide service to the park. Additionally, as one of the fastest growing airports in the nation offering over 150 daily flights and eight international connections, the Louis Armstrong international airport in New Orleans creates global intermodal connectivity.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 104269
Zoning: VARIED
Property Located Between: Hwy 434 and Hwy 11 on the North side of I-12 from Lacombe, LA
Property Visibility: Excellent
Legal Description: 5825.751 ACS M/L BEING 147.50 ACS SW .25 SEC 2 161.06 ACS SE .25 SEC 10 639.96 ACS SEC 11 319.88 ACS W .50 SEC 12 484 ACS IN SE SW AND NW SEC SEC 13 640.80 ACS SEC 14 639 ACS SEC 15 435.37 ACS N .50 N .50 OF SE AND NE OF SW LESS 7.46 ACS SEC 22 639.51 ACS SEC 23 521.89 ACS NW OF NE W .50 OF SE SEC 24 203.65 ACS S .50 OF NE N .50 OF SW LESS 38.54 AC AND N.50 OF SE SEC 25 28.67 ACS IN S .50 OF S .50 OF NW SEC 25 276.38 ACS IN N .50 SEC 26 81.76 ACS S .50 OF SE SEC 27 87.52 ACS NW OF NW LOT 4
Largest Nearby Street: I-12
Feet of Frontage: 7,128
Traffic/Vehicle Count: 65,121
Highway Access: DOTD is currently performing a land use study that will give direct access off I-12 in the 6,000+ Acre property. On the Western flank the property runs parallel to Hwy 434 and has a proposed roadway that will enter the property directly off of Hwy 434. The access and visibility of Bilten Park is second to none. Located North of I-12, the future development site has roughly 3.5 linear miles along the Interstate, a proposed future interchange directly into the park, future rail access and a current regional airport adjacent. Interstate 12 has an average daily traffic count of 38,191 (2015). With 4 major Interstates intersecting within a 120 mile radius along the I-10/I-12 corridor (I-65 to Atlanta, I-59 to Birmingham, I-55 to Memphis, and I-49 to Shreveport) this location is prime for shipping and logistics in all directions. New Orleans Central Business Districts sits only 45 miles directly to the south on I-10 and boasts deep and shallow draft ports with rail access proposed from port to property.
Airports: New Orleans International, Slidell Regional
Site Description: The site is currently raw ground and has been used for a timber lease over the last few decades. There is a current short term hunting leaase with a local hunting club for use of the property. The property is currently going through the process of certifying multiple sites for development. Based on the location and the functionality of this land it is well suited for multiple uses including: advanced manufacturing, logistics and warehousing, continued land investment, residential, business/office park and highway retail.
Area Description: St. Tammany’s low business cost, nationally recognized school system, and first-rate medical facilities make the community a destination of choice for businesses of every size. As the fifth most populous parish in the state and one of the fastest growing parishes, St. Tammany’s upscale amenities, active community, and expansive green spaces offer wide-ranging, diverse opportunities for companies in any industry. The entire parish is renowned by outdoor enthusiasts, gourmands, golfers, and art-lovers for its versatility and charm. With a population of approximately 255,000 and a civilian labor force of over 126,000, St. Tammany offers a highly-skilled, highly-trained workforce for businesses in any industry. The nationally-recognized K-12 education system and world-renowned professional and technical schools produce dedicated new workers every year. Students’ ACT scores consistently rank above the national average while the unemployment rate in St. Tammany consistently remains below the national average. As part of the greater New Orleans region —St. Tammany offers a healthy and cost- effective climate for conducting business. As part of greater New Orleans, St. Tammany was named the #1 most improved metro in the USA by Wall Street Journal, and in “Competitive Alternatives 2016,” KPMG ranked greater New Orleans #4 in its list of metro-areas with the lowest business costs in the southeast. Area Development Magazine ranked Louisiana the #5 top state for doing business, the #2 top state in leading workforce development programs, and the #2 top state in business incentive programs. Quality of life in the New Orleans area is second to none. Professional sports teams such as the New Orleans Saints and Pelicans establish a year round calendar of events along with the local arts, music, history and culture. This site offers much more than a place to do business, it is also a place to call home!
Lot Frontage: 3.5 Miles
Zoning Description: Varied zoning and overlays
Development Name: The Salmen Estate
In Flood Plain?: Yes
Topography: Level
Easements: Pipelines, Electric Lines, Ingress/Egress, Water Rights, Utilities
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: None
Sewer Type: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,335 14,063 36,946
Median Age: 44.88 37.92 38
Households: 1,260 5,103 13,590


Photograph of Listing Agent

Bradley Cook, MS, CCIM

Stirling Properties
Covington, LA
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