1783 Florida AveDenham Springs, LA 70726

Property Details for 1783 Florida Ave

Lot size

0.23 AC

Property type

Commercial real estate

APN

358846

APU

358846

Description

This exceptional two-story, 4,177 square foot Class B office building presents a compelling investment opportunity in Denham Springs, Louisiana. Located at 1783 Florida Ave SW, this property boasts a prime location on a main road with high traffic counts, ensuring excellent visibility and accessibility. The building sits on a 1.5-acre lot and is zoned C-3, offering versatility for a range of commercial uses. Currently, the building has a 45% occupancy rate under a gross lease with multiple tenants. The asking price is $500,000, translating to $119.70 per square foot. This represents a strong return on investment given the property's location and potential for increased occupancy. The building's two stories provide ample space for various business needs. Serious investors will appreciate the combination of high traffic, convenient access, and flexible zoning in this thriving Louisiana community. This is a rare opportunity to acquire a well-situated commercial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,593,590

  6.5%

  $1,471,010

  7%

  $1,365,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $764,258

  Geo Method

  $2,999,590

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,870,950

  Retail / Commercial

  $1,477,130

  Mixed-Use / Specialty

  $1,475,740

  Hospitality / Lodging

  $1,087,750

  Office

  $1,471,010

  Institutional / Educational

  $1,535,560

  Residential Income

  $1,796,600

  Multifamily

  $2,133,260

  Automotive / Energy

  $1,316,190

  Parking / Income-Based Land

  $450,373

  Restaurant / Food Service

  $775,812

  Healthcare / Senior Housing

  $1,509,370

Location Insight

City

Denham Springs

County

Livingston

State

Louisiana

Latitude

30.468

Longitude

-90.9682

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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