606 Colonial DrBaton Rouge, LA 70806

Property Details for 606 Colonial Dr

Property size (Sq ft)

13,585 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

2498014

APU

2498014

Description

This exceptional multi-tenant office building, located at 606 Colonial Dr, Baton Rouge, LA 70806, presents a compelling investment opportunity. The 9,765 square foot, single-story Class B building features six suites with 75% occupancy and sits on a 0.83-acre lot. Currently operating under a modified lease structure, this property offers a value-add opportunity to increase rental rates to market levels. Its prime location just off Goodwood Boulevard provides excellent access to major thoroughfares, including Airline Highway (approximately 2 minutes), Highway 190 (approximately 3 minutes), and I-12 (approximately 7 minutes). Ample parking is available in a dedicated, handicap-accessible lot. The property is zoned B1 – Transition. The asking price is $700,000, translating to $71.68 per square foot. Financial details, including rent roll, income, and expense information, are available upon request. This is an ideal opportunity for owner-occupants or investors seeking a multi-tenant property with significant upside potential. The building's APN is 2498014.

• CAP approach

  CAP return

  Valuation

  6%

  $2,364,966

  6.5%

  $2,183,046

  7%

  $2,027,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,606,228

  Geo Method

  $6,304,180

• Alternative Use

  Use

  Valuation

  Residential

  $2,183,046

  Hospitality

  $1,999,658

  Educational

  $1,663,692

  Medical

  $1,720,909

  Retail

  $2,587,965

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4451

Longitude

-91.0991

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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