8888 Airline HwyBaton Rouge, LA 70815
- Mixed-use properties
- 49,120 SF
Property Details for 8888 Airline Hwy
- Year built
- 1981
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 49,120 SF
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 769606
- APU
- 769606
Description
This exceptional 53,621-square-foot retail property, formerly a Conn's, is strategically located at 8888 Airline Highway in Baton Rouge, Louisiana, zip code 70815. The single-tenant building, classified as Class A, sits on a 2.99-acre lot and boasts 85 total parking spaces. Built in 1981 and renovated in 2018, the property features a single story and is zoned C2 (East Baton Rouge Parish APN: 769606). Its prime location on Airline Highway, near Connell's Village Lane, offers significant visibility and high traffic volume, benefiting from its proximity to major retailers, including a newly constructed Amazon Distribution Center. Easy access to Interstate 12 further enhances its accessibility and appeal. The property's substantial size and ample parking make it suitable for a variety of retail, office, or mixed-use ventures. Property taxes are $1.46 per square foot. This presents a unique opportunity for businesses seeking a strong presence in Baton Rouge's thriving commercial market. The property is available for sale or lease. The building's substantial size and high-traffic location offer significant potential for a wide range of commercial uses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $8,550,995
- 6.5%
- $7,893,226
- 7%
- $7,329,424
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,807,722
- Geo Method
- $22,794,358
-
Alternative Use
- Use
- Valuation
- Residential
- $7,893,226
- Hospitality
- $7,230,152
- Educational
- $6,015,402
- Medical
- $6,222,281
- Retail
- $9,357,292
Location Insight
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Latitude
- 30.4477
- Longitude
- -91.0939
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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