606 Colonial DrBaton Rouge, LA 70806

Property Details for 606 Colonial Dr

Property size (Sq ft)

13,585 SF

Property type

Mixed-use properties

Property subtype

Other investment 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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