7.26 AC Residential Land

Land Description

$1 Auction | 7.26 AC Residential Land.

Investment Highlights

Motivated institutional seller

Within driving distance are a host of national retailers including a Walmart Supercenter, Home Depot, Walgreens, Starbucks, Chick, and more

Nearby accessibility to educational facilities including Cypress Cove Elementary School, Honey Island Elementary, Salmen High School, and more

Diverse industry mix within labor market including Health Care & Social Assistance, Retail Trade, and Construction

Offering Details

Marcus and Millichap and RI Marketplace are pleased to present a $1 Auction | 7.26 AC Residential Land (the "Property"), a residential development opportunity located in the heart of Slidell, Louisiana. The Property features a placement within a residential neighborhood with convenient accessibility to retail options and educational facilities that would complement the residential experience in the city of Slidell. Furthermore, the Property is located within a diverse economic region with the highest concentration of employment in industries such as Health Care & Social Assistance, Retail Trade, and Construction. New ownership will have the ability to acquire a residential development opportunity from an institutional seller with a strong motivation to sell at a reasonable cost basis.

The city of Slidell features a population of ±27,800 people with a median age of 36.7 and a median household income of $54,906. In 2019, the place with the highest median household income in Slidell was Census Tract 407.10 with a value of $81,875, followed by Census Tract 410.03 and Census Tract 407.09, with respective values of $76,076 and $69,576. The city of Slidell employs ±12,000 individuals. The largest industries in Slidell are Health Care & Social Assistance, Retail Trade, and Construction while the highest paying industries are Real Estate & Rental & Leasing, Transportation & Warehousing, and Finance & Insurance, & Real Estate & Rental & Leasing based on information provided by the United States Census Bureau.

Auctioneer

Lamar P. Fisher

Fisher Auction Company Inc.

License: 1983

Co: Ab-424