Single-Family Residential Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30405432
Property Subtypes: Residential (Single Family), Other
Gross Land Area: 70.59 Acres
Sale Price: $13,500 - 43,560 Per Acre
Total Price: $952,965 - 3,074,900
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/14/2019

Overview / Comments

Rare opportunity to develop single-family residential community on Bayou Teche and Bayou Tortue. The Subject Property is a short drive from Lafayette, LA and minutes from New Iberia, Broussard and Youngsville, Louisiana. Close proximity to Spanish Lake and Squirrel Run Golf Club. Three separate parcels are available for development.

- Lot #9 is 26.96 acres +/- and on the market at $13,500 per acre with waterfront on Bayou Tortue.
- Lot #10 is 26.96 acres +/- and on the market at $13,500 per acre with waterfront on Bayou Tortue.
- Lot #3 is 16.67 acres +/- and on the market at $43,560 per acre with waterfront on Bayou Teche.

Lots #9 and #10 can be combined for a total of 53,92 +/- acres. All three sites lend themselves well to single-family residential development. Other suitable uses include senior living, memory-care and assisted living facilities.

Growing Parish: 4% annual population growth since 2010
Mature trees and beautiful views of Bayou Teche and Bayou Tortue
Most recently used as agricultural land for farming

Attachments & Media

Additional Details

Nearest MSA: Lafayette
County: Saint Martin
Zoning: RURAL
Property Visibility: Excellent
Site Description: Close proximity to Lafayette, Broussard, Youngsville, Breaux Bridge and New Iberia, Louisiana. Situated between Bayou Teche and Bayou Tortue and minutes east of Hwy. 90 / Future Corridor of I-49.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,007 7,292 32,786
Median Age: 39.69 38.55 37.47
Households: 376 2,634 12,064

Contact

Photograph of Listing Agent

Justin P Langlois

Stirling Properties Perkins Road Baton Rouge, LA 70808
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.