8660 Airline HwyBaton Rouge, LA 70815

  • Investment properties
  • 26,040 SF
For Sale
$1,179,256 View listing

Property Details for 8660 Airline Hwy

Year built
1999
Lot size
6.45 AC
Property size (Sq ft)
26,040 SF
Property type
Investment properties
Property subtype
Retail residential properties
APN
1029592
APU
1029592

Description

This exceptional 6.77-acre commercial land tract, identified as Tract GG-1-A-1, presents a prime investment opportunity in Baton Rouge, Louisiana. Located at 8660 Airline Highway, this property boasts a highly desirable location just south of an existing PetSmart, offering convenient cross-access to its parking lot. The expansive lot is zoned for a variety of commercial uses, including big box retail, hospitality, office, and self-storage, providing significant flexibility for development. With the potential to accommodate up to 75,000 square feet of retail space, this site is ideally suited for large-scale commercial projects. The property's strategic location along Airline Highway ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a busy commercial corridor. The asking price is $1,179,256, translating to $174,188 per acre. The property's APN is 010-2959-2. This is a rare opportunity to acquire a significant land parcel in a thriving Baton Rouge market. The property is situated in East Baton Rouge Parish, Louisiana, with a zip code of 70815. Its geographical coordinates are 30.4489171 latitude and -91.0958167 longitude. Don't miss this chance to secure a valuable asset in a high-growth area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,533,133
    6.5%
    $4,184,430
    7%
    $3,885,542
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,078,849
    Geo Method
    $12,083,979
  • Alternative Use

    Use
    Valuation
    Residential
    $4,184,430
    Hospitality
    $3,832,916
    Educational
    $3,188,941
    Medical
    $3,298,613
    Retail
    $4,960,574

Location Insight

City
Baton Rouge
County
East Baton Rouge
State
Louisiana
Latitude
30.4501
Longitude
-91.0946
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
$25,135
$103,000
$108,000
$211,000
-
$1,030,000
$720,000
$1,750,000

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