320 Lee DrBaton Rouge, LA 70808

Property Details for 320 Lee Dr

Year built

1999

Lot size

1.00 AC

Property size (Sq ft)

2,350 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

1265660

APU

1265660

Description

This 1,518-square-foot retail suite is located at 320 Lee Dr, Baton Rouge, LA 70808, in a high-visibility commercial corridor with approximately 24,717 vehicles passing daily. Previously occupied by Moxi Boutique, the space is already built out for retail use and features ample parking. The property offers potential for pylon signage and benefits from a strong tenant mix including Rice and Roux, Vera Nails and Spa, and Eloise Market and Cakery. Its prime location near the LSU campus provides excellent access to both the student population and the greater Baton Rouge community. Nearby amenities include popular restaurants and retailers such as Tropical Smoothie Cafe, Cava, Cane's, Walgreens, Walmart, and Chick-fil-A. This single-tenant space in a strip center is available for lease as a NNN lease, with current NNN fees of $4.49 per square foot. The property is situated in East Baton Rouge Parish.

• CAP approach

  CAP return

  Valuation

  6%

  $398,649

  6.5%

  $367,984

  7%

  $341,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $277,853

  Geo Method

  $1,090,528

• Alternative Use

  Use

  Valuation

  Residential

  $367,984

  Hospitality

  $337,071

  Educational

  $280,439

  Medical

  $290,084

  Retail

  $436,239

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.3965

Longitude

-91.1568

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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