Alexandria, LA 71301
MLS# CN2578773
Property Description
PRIME DEVELOPMENT OPPORTUNITY - MASONIC DRIVE CORRIDOR AVAILABLE 4.67 acres in the heart of Alexandria's Masonic Drive corridor. The property is directly across from the Alexandria Mall and near the Christus St. Frances Cabrini Hospital campus. The property extends from Masonic Drive through to Prescott Road, providing access and visibility from two roadways with approximately 256 feet of frontage on Masonic Drive and 183 feet of frontage on Prescott Road. Excellent potential for future commercial, medical, professional, retail or mixed-use development. The asking price of $675,000 is based on land value only. The existing residential homes on the property are considered to have no contributory value. Adding to the potential of the property is the City of Alexandria's REIGNITE MASONIC DRIVE CORRIDOR initiative, a major revitalization effort focused on the Masonic Drive corridor. The City's plans include transportation and infrastructure improvements, recreation, and initiatives intended to encourage new investment and redevelopment along the corridor. https://www.cityofalexandriala.com/wp-content/uploads/2026/05/REIGNITE-FAQ-Complete-2026.pdf https://www.cityofalexandriala.com/wp-content/uploads/2026/05/REIGNITE-FAQ-11-2025-Slide-Show-Build-Blocks.pdf
Map Last Updated: September - 29 - 2026
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