For Sale
$375,000

11354 Choctaw DrBaton Rouge, LA 70815

6,000 SF, 2-Building Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents two light industrial buildings totaling 6,000 square feet, situated on S Choctaw Dr in Baton Rouge, Louisiana. Each single-story building is currently leased, generating a consistent income stream. The property at 11356 S Choctaw Dr commands a monthly rent of $1,750, while the building at 11354 S Choctaw Dr leases for $1,500 per month. Both leases operate on modified gross terms. The combined asking price for this dual-building property is $375,000, representing a compelling $62.50 per square foot. Each building offers 3,000 square feet, priced individually at $187,500. The property boasts an advantageous M1 – Light Industrial zoning designation, suitable for a variety of uses. Strategically located approximately 250 feet from the intersection of S Choctaw Dr and N Sherwood Forest Dr, and within a three-minute drive of Hwy 190 (Florida Blvd), this location ensures excellent accessibility to major transportation arteries. Owner financing is available, requiring a minimum 20% down payment. This offering presents a strong 8% cap rate, making it an attractive proposition for both owner-occupants and investors seeking a stable, income-producing asset in a prime Baton Rouge location. The zip code is 70815, and the property is situated in East Baton Rouge Parish.

Highlights

  • Offered at an 8% cap rate.
  • 11356 S Choctaw Dr leased at $1,750/month on modified gross terms.
  • 11354 S Choctaw Dr leased at $1,500/month on modified gross terms.
  • Owner financing available with a 20% down payment.

Property Details for 11354 Choctaw Dr

Property type
Warehouses, Industrial properties
Square Feet
6,000 SF
Buildings
2
Stories
1
Units
2

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.472495768084
Longitude
-91.0572012821
11354 Choctaw Dr, Baton Rouge, Louisiana

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11354 Choctaw Dr
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