For Sale
$525,000

311 Airport AveBaton Rouge, LA 70806

Mid-city office building, great value-add potential.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5,000 square foot, two-story Class B office building presents a compelling owner-user or investment opportunity in Baton Rouge, Louisiana. Located at 311 E Airport Ave, 70806, this multi-tenant property boasts five individual suites, two on the ground floor and three on the second, ideal for executive or medical office use. The building sits on a lot just under half an acre and features substantial on-site parking. Currently operating under a NNN lease structure, the property offers a strong 3.00% cap rate at an asking price of $525,000 ($85/sq ft). The property benefits from a recently installed new roof and is conveniently located across from the Independence Park Governmental Complex, between Goodwood Blvd and Florida Blvd, in a market demonstrating significant rental growth potential. With only two suites currently available for lease, this presents a unique chance to acquire a well-positioned asset with immediate income generation and future upside. The property's APN is 015-8872-9 and is zoned C. This is a prime opportunity for investors seeking a value-add project in a high-demand area.

Highlights

  • Great value-add investment opportunity.
  • Only two suites currently available for lease.
  • 5,000 sq ft, two-story Class B office building with five suites and ample parking on a half-acre lot.
  • Located across from Independence Park Governmental Complex, between Goodwood and Florida Boulevards.
  • Strong rental growth potential in a desirable location.
  • Substantial on-site parking.

Property Details for 311 Airport Ave

Property type
Office properties, Medical offices
Square Feet
5,000 SF
Class
B
Stories
2
Units
5

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.448805
Longitude
-91.102434
311 Airport Ave, Baton Rouge, Louisiana

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Contacts

David Trusty
David Trusty
John Trusty
John Trusty
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311 Airport Ave, Baton Rouge, Louisiana, 70806

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

311 Airport Ave
  • David Trusty
    David Trusty
  • John Trusty
    John Trusty
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