Catylist ID:
#30515767
| Catylist Listing ID: | 30515767 |
| Property Subtypes: | Agricultural, Industrial, Office, Retail, Other |
| Gross Land Area: | 775.75 Acres |
| Sale Price: | $45,000 Per Acre |
| Total Price: | $34,908,750 |
| In Opportunity Zone? | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/15/2023 |
Overview / Comments
|
775.75 Acres For Sale on the Mississippi River in Ascension Parish: Located in the RiverPlex Megapark in Ascension Parish the site includes 810 acres with 80 acres of batture land, 1,750 Linear Feet feet of river frontage and 1,300' frontage on LA 405. Ascension Parish is located along the Mississippi River in the southeasterly portion of the Baton Rouge MSA and is bisected by Interstate 10. The parish had an estimated population of 122,948 persons in July 2017. The Louisiana Workforce Commission reported an unemployment rate of 4.0% for Ascension Parish in May 2018, below the state average of 4.7%. Ascension Parish has been the focus of residential growth for the Baton Rouge MSA thanks to its expanding employment base (less than 2% in the oil and gas industry) and highly-regarded school system. The parish issued 926 single family building permits in 2014. The LA Highway 30 corridor also supports a substantial day population with dozens of sizable commercial and industrial businesses along the Mississippi River and adjacent areas. Other notable statistics include: 2012 Ascension Parish Taxable Retail Sales were $1.54 billion The population of Ascension Parish is expected to increase by 50% over the next 15 years Ascension and neighboring Livingston Parish are the two most rapidly growing parishes in Louisiana The state of Louisiana is experiencing an influx of committed capital to industrial projects. At the state level, there is $103.3 billion in announced projects, and within the Baton Rouge area there is a total of $9.1 billion with another $6.6 billion already underway or recently completed. An additional $22 billion is announced in the areas on the Mississippi River between Baton Rouge and New Orleans. The large number of projects also brings a boom in jobs, with more than 32,000 jobs reportedly tied to the projects. Noteworthy Project Announcements: Occidental Chemical - $145 million, Ascension (U) SE Tylose - $420 million, Iberville (U) Honeywell - $723 million, East Baton Rouge (U) Shintech - $1.4 billion, Iberville (U) Dow Chemical – 1.06 billion, Iberville (U) Yuhuang Chemical - $1.85 billion methanol complex, St. James Parish (A) Formosa Petrochemicals - $9.4 billion industrial complex, downstream chemicals, St. James Parish (A) |
Attachments & Media
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | Ascension |
| Submarket/Township: | 92 |
| Tax ID/APN: | 267402 |
| Property Visibility: | Excellent |
| Topography: | Level |
| Easements: | Pipelines, Ingress/Egress, Utilities, Environmental, Other |
| Available Utilities: | Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access, Other |
| Water Service: | Municipal, Well, Other, None |
| Sewer Type: | Municipal, Septic, Storm, Other, None |
Demographic Statistics
| Proximity: | 5 miles |
|---|---|
| Total Population: | 9,735 |
| Median Age: | 32.2 |
| Households: | 3,276 |
Contact
| 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. |
