16238 Highway 389

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16238 Highway 389

Merryville, LA 70653
Asking Price
$180K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The listing features 40 acres of land for sale.
  • Property is situated at 16238 Highway 389 in Merryville.
  • Asking price for this parcel is set at $180,000.
  • This rural acreage offers potential for agriculture or development.
  • Location provides access to major regional transit in Louisiana.

What's Special

Agricultural operations or residential development potential define this 40-acre land tract in Merryville, Louisiana. Positioned along Highway 389, the property provides expansive acreage suitable for diverse land-use projects within this quiet suburban corridor. The site topography supports various configurations for buyers seeking large-scale space in Beauregard Parish. As a growing region of the state, Merryville maintains a community-focused atmosphere while remaining accessible to the broader infrastructure networks found throughout southwestern Louisiana. Investors and developers often target acreage in this submarket for its versatility and rural landscape characteristics. The property serves as a blank canvas for those interested in timberland management, private estates, or site-specific construction. Given the dimensions of the lot, future owners possess the flexibility to divide or utilize the parcel according to specific operational needs. Proximity to local transit routes ensures convenient movement of materials or equipment to the site, facilitating development or long-term land holding strategies for prospective buyers.

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NOI
$80,000
Cap Rate
44.44%
DSCR
7.49
Strong
Cash-on-Cash
128.36%
Monthly Payment
$890.542
Annual Cash Flow
$69,313.499

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