McHugh Road, Zachary, LA 70791 - vacant land property

Detailed information about vacant land property which situated in Zachary (70791) city, Louisiana state on McHugh Road.

Additional Information: This site is bank owned and is being marketed to induce a prompt closing. The property was purchased in 2006 for $2,450,000. Substantial investments have been made in the property to improve its utility. The property has been cleared. Wetlands determinations have been performed. A lake has been excavated and the site has been regraded to a readily developable level. Roughly $250,000 has been spent on sewer improvements. Utilities have been installed. It consists of +/- 29.176 Acres of which +/- 16.910 Acres are considered developable. The developable acreage is zoned “Residential Urban” (RU). RU is a residential zoning class that allows for development of multifamily structures to a maximum gross density of 15.67 units per acre (net density of 19.59 units per acre, with a 20% minimum Open Space Ratio). Development of single family detached and attached dwellings is also permitted. A copy of a recent appraisal can be made available upon request. The Seller has requested that all offers be submitted on their approved Purchase Agreement. Please contact me for this form.