3446 Drusilla LnBaton Rouge, LA 70809

  • Mixed-use properties
  • 131,502 SF
For Lease
$12/SF/YR View listing

Property Details for 3446 Drusilla Ln

Year built
2001
Property size (Sq ft)
131,502 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
2037149
APU
2037149

Description

Drusilla Village, a Class B neighborhood shopping center in Baton Rouge, Louisiana, offers exceptional retail space for lease. This single-story, 94,134 square foot center sits on an expansive 11.8-acre lot (514,116 square feet) and is conveniently located at 3446 Drusilla Ln, at the intersection of Jefferson Hwy and Drusilla Lane. The property boasts a C2 zoning designation and features a total of seven available spaces, ranging from a minimum of 1,381 square feet to a maximum contiguous space of 23,000 square feet. Currently, there are 38,879 square feet of vacant space ready for immediate occupancy. The center underwent renovations in 2021, ensuring modern amenities for tenants and customers. Its prime location in the LACDB - 61 submarket of East Baton Rouge Parish (APN: 020-3714-9) provides excellent visibility and accessibility. This is an exceptional opportunity for businesses seeking a well-maintained, strategically located retail space in a thriving Baton Rouge community. The property's size and flexible space options cater to a wide range of retail needs. Contact us today to learn more about leasing opportunities at Drusilla Village.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $22,893,118
    6.5%
    $21,132,110
    7%
    $19,622,674
  • Comparable approach

    Method
    Valuation
    Relative Method
    $15,548,188
    Geo Method
    $61,024,096
  • Alternative Use

    Use
    Valuation
    Residential
    $21,132,110
    Hospitality
    $19,356,898
    Educational
    $16,104,713
    Medical
    $16,658,578
    Retail
    $25,051,776
3446 Drusilla Ln, Baton Rouge, Louisiana

Location Insight

City
Baton Rouge
County
East Baton Rouge
State
Louisiana
Latitude
30.4198
Longitude
-91.0903
CBSA code
12940
CBSA name
BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$147,230
$131,950
$1,104,000
$1,235,950
-
$1,319,500
$7,360,000
$8,679,500

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