5770 Florida BlvdBaton Rouge, LA 70806

Property Details for 5770 Florida Blvd

Year built

1984

Property size (Sq ft)

1,082 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

840610

APU

840610

Description

This exceptional 1,050 square foot standalone retail building, situated on 0.21 acres at 5770 Florida Blvd in Baton Rouge, Louisiana, presents a compelling investment opportunity. Built in 1984, the single-story structure boasts approximately 65 feet of frontage on Florida Blvd, a major thoroughfare experiencing significant redevelopment, with an estimated 22,504 daily vehicles passing by. The property's C1 – Light Commercial zoning allows for a variety of uses. Key features include an existing drive-thru lane and windows, along with the potential for a pylon sign, maximizing visibility and attracting customers. The location is highly desirable, positioned directly across from a new Rouses Supermarket and in close proximity to other established businesses such as Starbucks, Northern Tool, and Raising Cane's, further enhanced by the recent development of a substantial Amazon distribution center. The property's asking price is $210,000, offering strong potential for return on investment in a thriving commercial corridor. The parcel number is 840610. This is a rare opportunity to acquire a well-located, functional retail space in a rapidly growing area of Baton Rouge.

• CAP approach

  CAP return

  Valuation

  6%

  $183,526

  6.5%

  $169,409

  7%

  $157,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $127,931

  Geo Method

  $502,107

• Alternative Use

  Use

  Valuation

  Residential

  $169,409

  Hospitality

  $155,178

  Educational

  $129,106

  Medical

  $133,546

  Retail

  $200,831

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4506

Longitude

-91.1304

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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