4845 Main StZachary, LA 70791

  • Mixed-use properties
  • 24,450 SF
For Lease
$29/SF/YR View listing

Property Details for 4845 Main St

Year built
2011
Lot size
2.26 AC
Property size (Sq ft)
24,450 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
1513370
APU
1513370

Description

This exceptional opportunity presents 6,252 square feet of vacant, grey shell medical office space for lease within the established Sullivan Medical Office Park in Zachary, Louisiana. Located in Phase II of the complex, this single-story building offers a prime location within a thriving medical submarket (LACDB - 11). The suite is part of a larger 20,050 square foot building situated on a generous 2.25-acre lot (98,008 square feet). The property is classified as Class C and features multiple tenancies, providing a diverse and established environment. The available space is ideal for a variety of medical practices seeking flexible and adaptable office space. Its grey shell condition allows for complete customization to meet specific tenant requirements and build-out preferences. The Sullivan Medical Office Park offers convenient access to major roadways and ample parking, ensuring ease of access for both patients and staff. This is a rare opportunity to secure a significant footprint in a well-regarded medical office complex in a rapidly growing area of East Baton Rouge Parish County. The property's size and location make it an attractive option for expanding or relocating medical practices seeking a prominent presence in the Zachary market. Interested parties are encouraged to inquire for further details and leasing information.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,146,434
    6.5%
    $3,827,477
    7%
    $3,554,086
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,890,855
    Geo Method
    $11,346,133
  • Alternative Use

    Use
    Valuation
    Residential
    $3,827,477
    Hospitality
    $3,505,948
    Educational
    $2,916,908
    Medical
    $3,017,225
    Retail
    $4,537,412
4845 Main St, Zachary, Louisiana

Location Insight

City
Zachary
County
East Baton Rouge
State
Louisiana
Latitude
30.6489
Longitude
-91.1525
CBSA code
12940
CBSA name
BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,773
$76,310
$225,550
$301,860
-
$763,100
$1,503,667
$2,266,767

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