601 Neosho AveBaton Rouge, LA 70802

Property Details for 601 Neosho Ave

Lot size

1.84 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

401153

APU

401153

Description

This exceptional 51,926-square-foot cold storage facility in Baton Rouge, Louisiana, is offered at $7,500,000. The property, located at 601 Neosho Ave, 70802, includes six fully refrigerated loading docks and boasts a state-of-the-art refrigeration system recently upgraded. The building features approximately 25,000 square feet of freezer space and 5,000 square feet of refrigerated/mid-temperature storage. All seafood processing equipment and machinery are included in the sale. Three -30° blast freezers, capable of freezing 120,000 pounds of product daily, are operational. A 3,000-gallon generator provides eight days of backup power. An on-site liquid nitrogen tank and a roof less than 10 years old further enhance this facility's value. The property also features a former rail spur and is SQF Level 3 certified. This turnkey operation presents a unique opportunity for expansion or relocation in the thriving Baton Rouge market. The building's meticulous maintenance and high-quality equipment make it an ideal investment for cold storage and seafood processing businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $12,478,500

  6.5%

  $11,518,700

  7%

  $10,695,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,236,190

  Geo Method

  $24,476,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $22,455,600

  Retail / Commercial

  $11,540,100

  Hospitality / Lodging

  $8,476,500

  Office

  $11,470,700

  Institutional / Educational

  $11,981,800

  Residential Income

  $14,018,700

  Multifamily

  $16,704,100

  Automotive / Energy

  $10,270,100

  Parking / Income-Based Land

  $3,524,640

  Restaurant / Food Service

  $6,032,950

  Healthcare / Senior Housing

  $11,792,000

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4686

Longitude

-91.1826

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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