3300 Sherwood Forest DrBaton Rouge, LA 70814

Property Details for 3300 Sherwood Forest Dr

Lot size

2.10 AC

Property size (Sq ft)

3,648 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

1501828

APU

1501828

Description

This exceptional 4,000 square foot commercial property, situated on a 2.09-acre lot at 3300 N Sherwood Forest Dr, Baton Rouge, LA 70814, presents a unique investment opportunity. Currently vacant, this adaptable space boasts a rich history as a bank branch and more recently served as a daycare/event center. The existing infrastructure offers the potential to reinstate drive-thru or teller window functionality, a significant advantage for specific businesses. Zoned C-2 (Heavy Commercial), the property allows for diverse conversion possibilities, catering to a wide range of commercial ventures. Its strategic location provides easy access to major thoroughfares, including Highway 190 (Florida Blvd) within approximately 3 minutes and Highway 61 (Airline Hwy) within approximately 5-8 minutes, ensuring high visibility and convenient commutes for employees and customers. Recent road improvements have further enhanced accessibility and visibility. The property features a large parking lot and ample space for prominent signage, ideal for businesses seeking maximum exposure. The asking price is $400,000, translating to $100 per square foot. This represents a compelling investment opportunity in a prime Baton Rouge location. Don't miss the chance to acquire this versatile property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $634,970

  6.5%

  $586,126

  7%

  $544,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $431,323

  Geo Method

  $1,692,871

• Alternative Use

  Use

  Valuation

  Residential

  $586,126

  Hospitality

  $536,888

  Educational

  $446,685

  Medical

  $462,047

  Retail

  $694,843

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4813

Longitude

-91.0578

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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