7570 Jefferson HwyBaton Rouge, LA 70806

  • Investment properties
  • 11,270 SF
For Lease
$29/SF/YR View listing

Property Details for 7570 Jefferson Hwy

Year built
1999
Lot size
1.20 AC
Property size (Sq ft)
11,270 SF
Property type
Investment properties
Property subtype
Retail residential properties
APN
1331833
APU
1331833

Description

This exceptional 12,084 square foot retail center, situated on a 1.19-acre lot in East Baton Rouge Parish's LACDB - 61 submarket, presents a unique investment opportunity. Built in 1999, the single-story building boasts 41 parking spaces and offers unmatched visibility with over 400 feet of street frontage on Jefferson Highway, experiencing daily traffic counts exceeding 65,000 vehicles. The property is zoned C-1 and features a drive-thru option. Currently, 10,298 square feet of retail space is available, divisible into units as small as 2,543 square feet, with a maximum contiguous space of 10,298 square feet. Its prime location at the corner of Jefferson Highway and Corporate Boulevard places it within the city's most active retail corridor, adjacent to the Whole Foods-anchored Town Center at Cedar Lodge. The surrounding neighborhoods demonstrate exceptionally strong demographics, characterized by high household incomes. This property offers unparalleled exposure and is ideal for businesses seeking a high-visibility location in a thriving market. The property's size, location, and visibility make it an exceptional opportunity for retailers seeking to establish or expand their presence in Baton Rouge.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,911,549
    6.5%
    $1,764,506
    7%
    $1,638,470
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,332,513
    Geo Method
    $5,229,894
  • Alternative Use

    Use
    Valuation
    Residential
    $1,764,506
    Hospitality
    $1,616,278
    Educational
    $1,344,725
    Medical
    $1,390,972
    Retail
    $2,091,794

Location Insight

City
Baton Rouge
County
East Baton Rouge
State
Louisiana
Latitude
30.4312
Longitude
-91.1102
CBSA code
12940
CBSA name
BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$43,942
$170,000
$208,850
$378,850
-
$1,700,000
$1,392,333
$3,092,333

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