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Waterfront Investment Property

Port Barre, LA 70577

Saint Landry Parish, Louisiana

Shown by Appointment Only

84.32 Acres
$350,000
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Land Description

REDUCED PRICE...About halfway between Port Barre and Krotz Springs, and a mile or so south of US 190 is a unique waterfront property with tons of investment potential. It consists of 84.23 +/- acres and has water frontage on both Bayou Courtableau and the Grimmett Canal and the majority of the property is accessible by vehicle via Spillway Rd and Misty Creek Rd. About 23 +/- acres is across Bayou Courtableau and accessible by boat from a public landing under HWY 190 that is about mile and a half away. The part of the property accessible by vehicle is currently in lots that the current owners are leasing for $1500 a year. On this part of the property, according to St. Landry Parish regulations, there is room for approximately 40+/- lots. At $1500 per lot per year and forty lots, that is $60,000 in income each year. The lots along Misty Creek Rd have access to city water and the current owners have granted right of way to Slemco electric along Misty Creek Rd throughout their property. The lots along Spillway Rd. currently have no water and electricity but water could be bored under Grimmett Canal and once electricity is run along Misty Creek Rd it could be run over or under the bayou also. The 23 +/- acres across Bayou Courtableau could be primitive campsites or it might also be possible to run power and water across also. The current owners have had an offer of $45,000 for all merchantable timber on the property and also own a mobile home along Misty Creek Rd. at the beginning of the property that has water and electricity and is currently being rented that they will include in the sale. The potential to develop and sell waterfront lots on this property is also huge. There is a large 5000+/- acre hunting club that borders the property, and camp owners may possibly be able to join and the fishing is great in this area.

Whether you lease out lots or split up and sell lots the development and investment potential is outstanding. This property is roughly halfway between Baton Rouge and Lafayette and about 15 min from Opelousas and offers great recreational opportunities also. Asking price has been reduced to $350,000. For more information or to schedule a showing call Troy Thompson at 318-447-7676 or 318-876-2622. Licensed by the Louisiana Real Estate Commission

More Land Details

Flat Terrain
Gravel Road Access
Cell Service
LANDFLIP ID
109557
Last Updated
180 Days Ago

Land Price History

4/20/17
$350,000
$-71,600
-17.0%

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