21085 Old Scenic Hwy, Zachary, LA 70791 - vacant land property

Detailed information about vacant land property which situated in Zachary (70791) city, Louisiana state on 21085 Old Scenic Hwy.
One of the fastest growth markets in the State (6% in 2009) Best school system in the State 4 years in row.

Additional Information: Zachary and the Old Scenic Hwy / LA 64 Growth Corridor Zachary is a city of just over 15,000. It is one of the fastest growing community along the 10/12 corridor. For the past five years, its school system has been recognized as the #1 school system in the state. There are about 5,500 students currently in the Zachary school district. The student population has been growing by about 250 students annually for the past five years. New schools are in the works in order to meet the needs of the growing population. .Zachary is very strategically located relative to such major employment centers as the metro airport, a number of petro-chemical plants and Georgia Pacific’s huge paper plant in Port Hudson. The primary growth corridor in Zachary is in and around the intersection to Hwy 64 and Hwy 964 (Old Scenic Hwy.) Two Maestri-Murrell projects at the southwest quadrant of the intersection are indicative of this. The Zachary Commerce Center is a new 27,000 retail center with several out-parcels. The center is essentially fully leased and all of the out-parcels have been sold including a corner site to CVS for a new drugstore. Zachary Parkside Apartments is a 260 unit luxury apartment complex completed in 2008. It is also fully leased. Adjoining Zachary Parkside Apartments is the BR Recreation Commission’s newest and one of its best parks: http://www.brec.org/index.cfm?md=pagebuilder&tmp=home&cpid=1602 Adjoining the new park is the Americana TND. This is a 414 acre traditional neighborhood development. It is being sponsored by exceptionally talented and capable designers, developers and investors. It is to include a new YMCA, mixed residential, retail and commercial. Americana broke ground in April 2012. It will start with a movie theatre, a YMCA and some housing units. Residential growth. Most of the new sub-divisions in Zachary have been located along the Old Scenic Hwy corridor and most of these are located north of LA 64. The subject property is located between these new neighborhoods and many of the employment, civic, retail and commercial centers in the Zachary area. (See “Analysis of Residential Lots in Zachary” included in the addenda.) Land Values. Included is a map showing some the notable developments in the area along with five properties that are currently on the market. None of these other properties have any improvements on them (e.g. rent houses.) All of them are priced well above the price per square foot of the Subject Property. Dimensions and characteristics. The subject property has about 700’ of frontage on Old Scenic Hwy and similar depth. It includes two houses which are both rented and generating cash flow. The property is flat with a slight incline so that it drains well. It is well above the flood plain. Utilities. The property has sewer available to it as well as all other utility services including natural gas. Zoning. Although the property is currently zoned S-20 residential – a low density agricultural zoning, discussions with the Mayor and officials at DPW indicate that it will not be difficult to rezone the property to a higher usage such as commercial, retail or light industrial. There are several light industrial users along E. Flanacher Street just northwest of the subject propert