2835 Ray Weiland DrBaker, LA 70714

Property Details for 2835 Ray Weiland Dr

Lot size

0.31 AC

Property size (Sq ft)

2,400 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

1596551

APU

1596551

Description

This 3,000 square foot Class C executive office building in Baker, Louisiana, is situated on a 0.306-acre lot (APN 1596551) and zoned C2 – Commercial District. The property, located at 2835 Ray Weiland Dr, 70714, is divided into three suites with individual exterior entrances, offering flexibility for various uses, including leasing to multiple tenants or owner-occupancy. Suite 1 offers approximately 945 square feet with a small existing office build-out. Suite 2 comprises approximately 1,362 square feet and includes some shell components suitable for a salon or similar business. Suite 3 is approximately 1,169 square feet. A shared common area of approximately 1,524 square feet includes hallways and restrooms. The property boasts ample parking in a dedicated off-street lot. The building benefits from a recently installed new roof and awning. Its prime location offers immediate access to Main St (LA-19) and is within close proximity to numerous established businesses, including the USPS, Hancock Whitney Bank, Family Dollar, Texaco, Piggly Wiggly, Subway, Pizza Hut, Popeyes, McDonald's, and Rent-A-Center. The asking price is $190,000, translating to $63.33 per square foot. This presents a compelling investment opportunity with multiple potential uses for office, retail, or owner-occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $407,061

  6.5%

  $375,749

  7%

  $348,909

• Comparable approach

  Method

  Valuation

  Relative Method

  $283,765

  Geo Method

  $1,113,731

• Alternative Use

  Use

  Valuation

  Residential

  $375,749

  Hospitality

  $344,184

  Educational

  $286,357

  Medical

  $296,205

  Retail

  $445,444

Location Insight

City

Baker

County

East Baton Rouge

State

Louisiana

Latitude

30.5863

Longitude

-91.172

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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