8560 Florida BlvdBaton Rouge, LA 70815

Property Details for 8560 Florida Blvd

Lot size

1.00 AC

Property size (Sq ft)

25,263 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

172197

APU

172197

Description

This exceptional investment opportunity presents a prime Baton Rouge shopping center totaling 29,323 square feet, situated on a 1.6-acre lot in the Cortana Plantation Subdivision. The property comprises multiple buildings constructed between 1974, 1985, and 1995, offering a blend of showroom (15,945 sq ft), office (924 sq ft), and warehouse (8,621 sq ft) space. The property boasts excellent visibility and high traffic counts, with Florida Boulevard seeing 30,000 vehicles daily and Airline Highway 55,000. The zoning is C-2, allowing for a variety of commercial uses. Two separate parcels are included (APN 172197 & 172189), with one building at 8540 Florida Blvd (1,833 sq ft, built 1985) and another at 8550 Florida Blvd (2,000 sq ft, built 1995). The main building at 8560 Florida Blvd offers significant square footage. The asking price is $1,700,000, and the lease type is NNN. The property is currently vacant and available for purchase on April 1, 2025. This is an ideal opportunity for investors seeking a strong return in a high-demand location. The property's size, location, and versatility make it a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $4,397,893

  6.5%

  $4,059,593

  7%

  $3,769,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,986,980

  Geo Method

  $11,723,409

• Alternative Use

  Use

  Valuation

  Residential

  $4,059,593

  Hospitality

  $3,718,566

  Educational

  $3,093,803

  Medical

  $3,200,204

  Retail

  $4,812,582

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4512

Longitude

-91.0975

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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