2237 Acadian ThruwayBaton Rouge, LA 70808

Property Details for 2237 Acadian Thruway

Year built

1983

Lot size

3.46 AC

Property size (Sq ft)

121,222 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

179868

APU

179868

Description

Acadia Trace Office Building offers 15,624 square feet of immediately available Class A office space in Baton Rouge, Louisiana. This two-building complex, totaling 136,500 square feet, boasts eight stories and features executive and creative office suites ranging from 1,926 to 8,169 contiguous square feet. Located at 2237 S Acadian Thruway, zip code 70808, in the Acadian Business District, this property benefits from its proximity to Interstate 10 and the Baton Rouge central business district. Recently completed, a $26 million renovation, designed by EskewDumezRipple, has modernized the space, including updated floor plans ideal for multiple corner offices and ADA-compliant restrooms. Tenants enjoy spectacular views, 24-hour on-site security, a 2,700 square foot cafe, mail and copy center, and covered parking (limited reserved parking available at an additional cost). The property sits on a 3.45-acre lot, is zoned C2, and has a total of 4:1 parking ratio. The building was constructed in 1985 and features multiple tenancy options. This is a prime opportunity for corporate headquarters or other businesses seeking high-quality office space in a desirable location. The East Baton Rouge Parish location offers easy access to major transportation routes and amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $20,562,832

  6.5%

  $18,981,076

  7%

  $17,625,284

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,332,729

  Geo Method

  $56,253,616

• Alternative Use

  Use

  Valuation

  Residential

  $18,981,076

  Hospitality

  $17,386,564

  Educational

  $14,465,416

  Medical

  $14,962,904

  Retail

  $22,501,758

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4269

Longitude

-91.1498

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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