2233 American WayPort Allen, LA 70767

Property Details for 2233 American Way

Lot size

1.31 AC

Property type

Industrial land

APN

305430009900

APU

305430009900

Description

This exceptional 1.31-acre corner lot, located at 2233 American Way in Port Allen, Louisiana (zip code 70767), presents a unique investment opportunity. The property, zoned I-1, boasts excellent visibility and accessibility. With dimensions of approximately 175 feet along American Way and 325 feet along Oak Alley, the site offers ample space for development. The acreage can be expanded to a total of 1.8 acres, providing flexibility for larger projects. The property's strategic location offers convenient access to Interstate 10 and the Mississippi River Bridge, situated approximately two miles away. This makes it an attractive location for businesses needing efficient transportation links. The lot's size and zoning make it particularly suitable for build-to-suit projects, catering to both investors seeking a strong return and end-users looking to establish a new facility. The APN is 305430009900. An additional 70 feet of frontage is available on American Way, further enhancing the property's development potential. This prime location in West Baton Rouge Parish offers significant advantages for businesses seeking a strategic presence in the area.

• CAP approach

  CAP return

  Valuation

  6%

  $17,322,800

  6.5%

  $15,990,300

  7%

  $14,848,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,964,630

  Geo Method

  $27,335,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $8,217,500

  Mixed-Use / Specialty

  $8,202,200

  Hospitality / Lodging

  $6,035,920

  Office

  $8,168,050

  Institutional / Educational

  $8,531,980

  Residential Income

  $9,982,420

  Multifamily

  $11,894,800

  Automotive / Energy

  $7,313,130

  Parking / Income-Based Land

  $2,509,840

  Restaurant / Food Service

  $4,295,900

  Healthcare / Senior Housing

  $8,396,850

Location Insight

City

Port Allen

County

West Baton Rouge

State

Louisiana

Latitude

30.4158

Longitude

-91.2299

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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