11408 Lake Sherwood AveBaton Rouge, LA 70816

  • Commercial real estate
  • 5,664 SF
For Sale
$940,224 View listing

Property Details for 11408 Lake Sherwood Ave

Year built
2009
Lot size
1.00 AC
Property size (Sq ft)
5,664 SF
Property type
Commercial real estate
APN
2709139
APU
2709139

Description

This exceptional Class A office building, situated in the desirable Creekstone Office Park in Baton Rouge, Louisiana, presents a unique investment opportunity. The property, totaling 5,664 square feet, is comprised of two units within a single-story building constructed in 2009. Currently, the occupancy rate stands at 56.76%, with one unit (3,215 sq ft) leased and the other (2,449 sq ft) available for immediate lease or as part of a sale. The asking price for the entire building is $940,224, translating to $166 per square foot. The available suite is fully furnished and move-in ready, boasting high ceilings, crown molding, and granite countertops in the reception and conference areas. This suite includes six private offices, a large conference room, a waiting/reception area, a kitchen/lounge, and a file room. The building sits on a 0.131-acre lot zoned C1 and enjoys a prime location at the end of Lake Sherwood North Avenue, offering convenient access to major thoroughfares including Coursey Blvd, S. Sherwood Forest Blvd, I-12, Airline Highway, Jefferson Highway, I-10, and Bluebonnet Boulevard. The area is home to prominent businesses such as Progressive Insurance, Hargrove Engineers, SIGMA Engineers, and Amedisys. This property is an ideal investment for those seeking a value-add opportunity in a thriving Baton Rouge location. The building is part of a larger six-building office park.

Location Insight

City
Baton Rouge
County
East Baton Rouge
State
Louisiana
Latitude
30.4183
Longitude
-91.0551
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
$14,358
$8,030
$115,570
$123,600
-
$80,300
$770,467
$850,767

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