625 Colonial DrBaton Rouge, LA 70806

Property Details for 625 Colonial Dr

Property size (Sq ft)

2,954 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

846848

APU

846848

Description

This exceptional 4,100 square foot Class B office building, located at 625 Colonial Dr, Baton Rouge, LA 70806, presents a unique owner-occupant opportunity. Priced at $320,000 ($78.05/sq ft), this property boasts seven offices and six restrooms, offering flexibility for various configurations, including the potential to subdivide into smaller suites. The layout includes a convenient kitchen and separate exterior entrances, ideal for multi-tenant occupancy. Situated on a 0.37-acre lot, the building provides ample off-street parking and the possibility of prominent monument signage. Its location in a tranquil office corridor just off Goodwood Blvd offers excellent access to Baton Rouge's major thoroughfares. Enjoy convenient proximity to Airline Hwy (approximately 10.6 miles), Hwy 190 (approximately 13 minutes), and I-12 (approximately 17 minutes). This is an outstanding chance to acquire a well-positioned office building with significant potential for growth and return on investment. The property is ready for immediate occupancy and offers a compelling blend of functionality and location. Don't miss this opportunity to own a piece of Baton Rouge's thriving commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $514,251

  6.5%

  $474,693

  7%

  $440,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $349,267

  Geo Method

  $1,370,817

• Alternative Use

  Use

  Valuation

  Residential

  $474,693

  Hospitality

  $434,816

  Educational

  $361,762

  Medical

  $374,203

  Retail

  $562,741

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4451

Longitude

-91.0982

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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