Pelican Pointe

Land

3679 Fletcher Ln, RustonLA 71270

Property Details

Location

Address
3679 Fletcher Ln, RustonLA 71270
County
Lincoln Parish
Submarket
Parcels
28183000031

Building Size

Building Size

Building Details

Type
 Land
Number of Buildings
Number of Units
162
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Proposed
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
49.02 Acres
Land (SF)
2,135,311 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
R-A
Lot Depth
Lot Width

Contacts

Current Listings

Pelican Pointe

49.02 Acres$1,950,000
Sealy Real Estate Services LLC

Great location for a single family residential subdivision or potential location for a build to rent development. Approved home sizes range from 1,600 - 2,500 SF. There are 162 total lots which equals a density of 3.25 lots/acre. One commercial lot contains 1-acre and can be used in a multitude of ways to bring added value. This development opportunity addresses the shortage of single-family homes in the 2,000+/- SF size range within this area and is an excellent location for student housing to support LA Tech University and Grambling State University. The owner has completed engineering, clearing and city approvals required for development.

Differentiating Pelican Pointe Subdivision's approved plat from similar developments in the area is connection throughout to municipal sewer, water and electric utilities, adequate site drainage, a zero-dirt deficit plan, 3 city approved curb cuts.

Due to the recent lift on Ruston's moratorium for college housing and the expected growth, the demand for new residential construction has increased greatly. In 2018, Louisiana Tech University welcomed a record number of freshman students with an increase of 13% from the previous year and those numbers are expected to continue increasing in years to come. Pelican Pointe has the city and community's full support and fulfills the needs of students, families, individuals and more for this growing area ultimately making it a great investment opportunity.

Sealy Real Estate Services LLC

Great location for a single family residential subdivision or potential location for a build to rent development. Approved home sizes range from 1,600 - 2,500 SF. There are 162 total lots which equals a density of 3.25 lots/acre. One commercial lot contains 1-acre and can be used in a multitude of ways to bring added value. This development opportunity addresses the shortage of single-family homes in the 2,000+/- SF size range within this area and is an excellent location for student housing to support LA Tech University and Grambling State University. The owner has completed engineering, clearing and city approvals required for development.

Differentiating Pelican Pointe Subdivision's approved plat from similar developments in the area is connection throughout to municipal sewer, water and electric utilities, adequate site drainage, a zero-dirt deficit plan, 3 city approved curb cuts.

Due to the recent lift on Ruston's moratorium for college housing and the expected growth, the demand for new residential construction has increased greatly. In 2018, Louisiana Tech University welcomed a record number of freshman students with an increase of 13% from the previous year and those numbers are expected to continue increasing in years to come. Pelican Pointe has the city and community's full support and fulfills the needs of students, families, individuals and more for this growing area ultimately making it a great investment opportunity.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: LACDB

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