MIKE FALGOUST & ASSOCIATES COMMERCIAL REAL ESTATE

74 ACRE ELLIOT ROAD TRACT IS SOLD

A 74-acre tract on Elliot Road has sold. The site is located north of Vignes Lakes subdivision on the west side of Elliot Road. The sale closed Thursday. The seller was represented by Scot Guidry and Grey Hammett with Mike Falgoust and Associates; the purchaser was represented by Chris Pike with Mike Falgoust and Associates. The sale took place for $435,000, or almost $5,900 per acre. Documents indicate the seller was Lucille Francis Christy Gray, and the buyer was MUNNACAL. The purchasers would not reveal their plans for the property, but the site has over 1,500 linear feet on Elliot Road and could easily be subdivided into smaller tracts. The rear of the site adjoins Highland Club and Jefferson Park subdivisions.

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