2590 Citiplace CtBaton Rouge, LA 70808

Property Details for 2590 Citiplace Ct

Lot size

2.46 AC

Property size (Sq ft)

101,408 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

1196553

APU

1196553

Description

This ±34,325 square foot standalone retail building is situated on a 2.45-acre lot at 2590 Citiplace Ct, Baton Rouge, LA 70808. Currently occupied by Barnes & Noble under a lease expiring January 2025, this two-story building offers significant potential for a variety of uses, including retail, medical, office, or special purpose. The property boasts ±270 feet of frontage along I-10 at the highly visible I-10/I-12 split, experiencing approximately 202,599 daily vehicle counts. Located within the thriving Citiplace mixed-use development, the property benefits from its proximity to numerous amenities, including Movie Tavern, Jason's Deli, and several hotels and restaurants. The surrounding area features strong demographics, including a blend of local residents, tourists, and professionals. The property is conveniently situated between Jefferson Hwy and College Dr, offering easy access to major thoroughfares and prominent Baton Rouge developments such as Towne Center, the Coterie Exchange, Bocage, Goodwood, and LSU. The building includes approximately 25,291 square feet on the first floor and a ±9,034 square foot mezzanine. Ample parking is available with 170+ spaces. The property is zoned PUD (Planned Unit Development) and has an APN of 1196553. The asking price is $5,750,000, representing a price per square foot of $167.52. A NNN lease type is available.

• CAP approach

  CAP return

  Valuation

  6%

  $17,201,070

  6.5%

  $15,877,911

  7%

  $14,743,775

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,990,013

  Geo Method

  $47,058,840

• Alternative Use

  Use

  Valuation

  Residential

  $15,877,911

  Hospitality

  $14,544,081

  Educational

  $12,100,505

  Medical

  $12,516,660

  Retail

  $18,823,008

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4227

Longitude

-91.1284

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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