Dundalk agent Brian Carroll of Sherry FitzGerald Carroll is guiding €975,000 for a development site of 18.55 hectares (45.85 acres) around 1.5km from the town centre.
The land at Priorland has two access points, one from the adjoining Priorland Gardens housing development, the other from Priorland Road.
Planning permission was previously granted on a portion of the land for 122 houses, 21 apartments and a crèche.
This planning permission has since lapsed. The lands have a mixed zoning for “residential, civic and community centre” and “community, education and recreation”. The immediate area is predominantly characterised by residential developments.