12524 Jefferson HwyBaton Rouge, LA 70816

Property Details for 12524 Jefferson Hwy

Year built

2008

Lot size

1.30 AC

Property size (Sq ft)

8,406 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

717908

APU

717908

Description

Parkview Plaza Shopping Center, located at 12524 Jefferson Hwy in East Baton Rouge Parish, offers a 1,200 square foot retail space for lease. This space is part of a larger 8,400 square foot building, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 1,200 square feet currently available. The building underwent renovations in 2020. The property boasts a prime location between Airline Hwy and Stumberg Lane, just 600 feet from Parkview Baptist School, ensuring high visibility and accessibility. Benefit from a strong demographic profile, with average household incomes exceeding $81,000 annually within a one-mile radius. Daily traffic counts reach 23,404 vehicles, providing significant exposure for your business. The property is zoned Heavy Commercial (HC2), allowing for a variety of commercial uses. Ample parking completely surrounds the building. The lease rate is $3.76 per square foot, plus CAM charges. This is an exceptional opportunity to establish your business in a thriving retail environment with excellent visibility and strong demographics. Don't miss this chance to secure this well-located retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,463,306

  6.5%

  $1,350,744

  7%

  $1,254,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $993,887

  Geo Method

  $3,900,842

• Alternative Use

  Use

  Valuation

  Residential

  $1,350,744

  Hospitality

  $1,237,274

  Educational

  $1,029,397

  Medical

  $1,064,800

  Retail

  $1,601,285

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.3941

Longitude

-91.0445

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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