9257 Florida BlvdBaton Rouge, LA 70815

Property Details for 9257 Florida Blvd

Lot size

6.24 AC

Property size (Sq ft)

76,926 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

114898

APU

114898

Description

Monterrey Plaza Shopping Center presents a unique investment opportunity. This multi-tenant property, situated on 6.25 acres at the intersection of Florida Blvd, Monterrey Blvd, and Oak Villa Blvd, boasts 77,000 square feet of retail, office, and restaurant space. The center offers excellent visibility and accessibility with frontage on two major thoroughfares and ample parking. Daily traffic counts exceed 30,000 vehicles. Currently, the center houses a diverse tenant mix including a barbershop, dance studio, tattoo shop, yoga studio, and tarot reader. Multiple suites are available for lease, ranging from a minimum of 1,400 square feet to a maximum contiguous space of 33,000 square feet, providing flexibility for various business needs. This prime location benefits from its proximity to a significant commercial anchor: a 3.8 million-square-foot Amazon Fulfillment Center just one block away, ensuring high foot traffic and visibility. The property's strategic location and diverse tenant mix make it an attractive investment for businesses seeking high-traffic exposure and a strong presence in a thriving commercial area. The flexible suite sizes cater to a wide range of business types and expansion plans.

• CAP approach

  CAP return

  Valuation

  6%

  $13,391,155

  6.5%

  $12,361,066

  7%

  $11,478,133

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,095,374

  Geo Method

  $35,697,856

• Alternative Use

  Use

  Valuation

  Residential

  $12,361,066

  Hospitality

  $11,322,670

  Educational

  $9,420,329

  Medical

  $9,744,308

  Retail

  $14,653,845

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4556

Longitude

-91.0858

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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