11559 Florida BlvdBaton Rouge, LA 70815

Property Details for 11559 Florida Blvd

Year built

1978

Lot size

3.59 AC

Property size (Sq ft)

33,980 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

949582

APU

949582

Description

This ±62,999 square foot retail building, situated on 3.4 acres at 11559 Florida Blvd in Baton Rouge, Louisiana, presents a significant investment opportunity. The two-story structure boasts approximately 53,735 square feet on the first floor and 9,250 square feet on the second, featuring 20-foot ceiling clearance and ample parking. Its prime location at the intersection of N Sherwood Forest Dr and Florida Blvd ensures high visibility, with an estimated 55,020 vehicles passing daily. Currently zoned C-AB-2 (Commercial Alcoholic Beverage), allowing for bar and lounge uses, the property's versatility extends to warehouse storage or self-storage. The building's size and location within a rapidly developing area, fueled by recent investments such as a new 3,500,000 square foot Amazon distribution center and the arrival of national retailers like Starbucks, Aldi, and Northern Tool, make it an exceptional prospect for growth and return. The asking price is $1,600,000. This property offers a unique chance to capitalize on the revitalization of the Florida Blvd corridor in Baton Rouge. The zip code is 70815.

• CAP approach

  CAP return

  Valuation

  6%

  $5,914,741

  6.5%

  $5,459,761

  7%

  $5,069,778

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,017,638

  Geo Method

  $15,768,572

• Alternative Use

  Use

  Valuation

  Residential

  $5,459,761

  Hospitality

  $5,001,112

  Educational

  $4,160,866

  Medical

  $4,303,965

  Retail

  $6,472,458

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4602

Longitude

-91.0571

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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