3121 Van Buren StBaker, LA 70714

Property Details for 3121 Van Buren St

Year built

1969

Lot size

1.00 AC

Property size (Sq ft)

11,000 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

1528939

APU

1528939

Description

This exceptional 10,960 square foot property, located at 3121 Van Buren St in Baker, Louisiana, presents a unique investment opportunity. Recently renovated to the tune of $150,000, this versatile space is ideally suited for a variety of uses, including medical office, shopping center, or traditional office space. The building comprises five suites of varying sizes, offering flexibility for a single owner-occupant or an investor seeking rental income. Currently, the property houses a church and a chiropractic clinic, which has occupied the space for 30 years, demonstrating its long-term viability. Its past uses have included a furniture store, theater, and campaign office, highlighting its adaptability. Situated conveniently off Main Street, this property enjoys a prime location adjacent to a new Fast Pace Health Urgent Care facility, the future site of Benny's Car Wash, and Furr's Shopping Center. Its proximity to Baker High School further enhances its appeal. Ample parking and excellent signage opportunities ensure high visibility and accessibility for any business. The asking price for this exceptional property is $1,000,000. This is a rare chance to acquire a well-maintained, multi-use property in a thriving location with significant income potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,865,680

  6.5%

  $1,722,166

  7%

  $1,599,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,300,589

  Geo Method

  $5,104,600

• Alternative Use

  Use

  Valuation

  Residential

  $1,722,166

  Hospitality

  $1,577,495

  Educational

  $1,312,457

  Medical

  $1,357,595

  Retail

  $2,041,600

Location Insight

City

Baker

County

East Baton Rouge

State

Louisiana

Latitude

30.5844

Longitude

-91.1679

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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