The McEnery Company was engaged by the Plaquemines Parish Port Harbor & Terminal District to determine the current market value of a batture site formerly known as the RAM Terminals site in Ironton, Louisiana. The 614 acre batture tract of land is accessed via Highway 23 and has approximately 3,025 linear feet of frontage along the Mississippi River. Due to the finite supply of comparable batture tracts of land our analysis required a highly intensive market area analysis and sales comparison approach of local and regional indicators. The McEnery Company’s experience with similar property types provided valuable insight for this specialized report.
