193 Acre Commercial Land In Iowa LA I-10

$2,800,000 for approximately 193.3 acres of commercial land located at the intersection of Interstate 10 and Highway 383 in Iowa, Louisiana. This large tract offers over 1,300 feet of frontage along Highway 383 with multiple access points from the frontage road. The property is currently income-producing with a 44-acre laydown yard that has been leased to the same tenant for the past 3 years, with a strong prior rental history. The land has also been farmed within the last 5 years for sugar cane and includes a 100-acre rice base. Surrounded by commercial development including Pilot, Love’s, Burger King, Arby’s, Hardee’s, In-Laws, Best Western, and Microtel, the site benefits from strong visibility and easy interstate access. The location sees an average annual daily traffic count of 5,726 vehicles. A deep-water agricultural irrigation well is present on the property, with condition unknown. This tract supports multiple potential uses including commercial, residential, agricultural, or mixed-use development.