15735 Florida BlvdBaton Rouge, LA 70819

Property Details for 15735 Florida Blvd

Year built

1980

Lot size

3.22 AC

Property size (Sq ft)

29,000 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

3118304

APU

3118304

Description

This exceptional 28,500-square-foot warehouse property, located at 15735 Florida Blvd in Baton Rouge, Louisiana, presents a significant investment opportunity. Priced at $1,300,000, this vacant industrial property boasts a versatile layout ideal for a variety of uses. The building includes 18,500 square feet of climate-controlled and sprinklered space, complemented by three convenient roll-up doors. Situated on a substantial 3.221-square-foot lot, the property benefits from high visibility with 190.5 feet of frontage on Florida Boulevard, experiencing an average daily traffic count of 20,406 vehicles. Its strategic location, approximately 0.2 miles west of the Florida Boulevard and O'Neal Lane intersection, provides easy access to Baton Rouge, Denham Springs, and Central. The M1 zoning permits light manufacturing, fabrication, processing, and wholesale distribution activities, enhancing its adaptability. This property offers a blend of office and warehouse space, making it suitable for diverse business needs, from climate-controlled storage to office operations. The existing income-producing component adds further value to this compelling investment. The property's size, location, and zoning make it a highly attractive prospect for a wide range of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $5,047,319

  6.5%

  $4,659,064

  7%

  $4,326,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,428,826

  Geo Method

  $13,457,580

• Alternative Use

  Use

  Valuation

  Residential

  $4,659,064

  Hospitality

  $4,267,677

  Educational

  $3,550,657

  Medical

  $3,672,770

  Retail

  $5,523,245

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4672

Longitude

-91.0136

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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