11354 Choctaw DrBaton Rouge, LA 70815

Property Details for 11354 Choctaw Dr

Lot size

1.00 AC

Property size (Sq ft)

4,840 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

1091409

APU

1091409

Description

This exceptional investment opportunity presents two light industrial buildings totaling 6,000 square feet, situated on S Choctaw Dr in Baton Rouge, Louisiana. Each single-story building is currently leased, generating a consistent income stream. The property at 11356 S Choctaw Dr commands a monthly rent of $1,750, while the building at 11354 S Choctaw Dr leases for $1,500 per month. Both leases operate on modified gross terms. The combined asking price for this dual-building property is $375,000, representing a compelling $62.50 per square foot. Each building offers 3,000 square feet, priced individually at $187,500. The property boasts an advantageous M1 – Light Industrial zoning designation, suitable for a variety of uses. Strategically located approximately 250 feet from the intersection of S Choctaw Dr and N Sherwood Forest Dr, and within a three-minute drive of Hwy 190 (Florida Blvd), this location ensures excellent accessibility to major transportation arteries. Owner financing is available, requiring a minimum 20% down payment. This offering presents a strong 8% cap rate, making it an attractive proposition for both owner-occupants and investors seeking a stable, income-producing asset in a prime Baton Rouge location. The zip code is 70815, and the property is situated in East Baton Rouge Parish.

• CAP approach

  CAP return

  Valuation

  6%

  $842,460

  6.5%

  $777,656

  7%

  $722,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $572,259

  Geo Method

  $2,246,024

• Alternative Use

  Use

  Valuation

  Residential

  $777,656

  Hospitality

  $712,328

  Educational

  $592,649

  Medical

  $613,031

  Retail

  $921,898

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4721

Longitude

-91.0571

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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