9031 Siegen LnBaton Rouge, LA 70810

Property Details for 9031 Siegen Ln

Year built

1999

Lot size

1.00 AC

Property size (Sq ft)

10,750 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

3610284

APU

3610284

Description

This exceptional Class A retail space, totaling 5,624 square feet, is situated in a prime South Baton Rouge location at the highly visible southeast corner of Siegen Lane and Perkins Road. The single-story building, encompassing 11,000 square feet, is currently shared with Chase Bank. This space offers excellent visibility and accessibility due to its placement at a heavily trafficked, lighted intersection. The property boasts 1.5 acres of land and provides 55 total parking spaces. The available space is currently in grey shell condition, allowing for complete customization to suit a tenant's specific needs. The zoning is C1, Light Commercial. The property's location within a dense retail corridor offers significant advantages, surrounded by numerous national retailers including, but not limited to: Circle K/Exxon, Pizza Hut, Subway, Jack in the Box, Walgreens, Goodyear, Starbucks, Sherwin-Williams, Regions Bank, The UPS Store, Winn-Dixie, and the Siegen Lane Marketplace (home to Lowe's, Sam's Club, Walmart Supercenter, Kohl's, Conn's, and Topgolf). The minimum divisible space is 3,000 square feet, with a maximum contiguous space of 5,624 square feet. The property features one building with two suites. The APN is 03610284, located in East Baton Rouge Parish. This is an unparalleled opportunity for businesses seeking high visibility and accessibility in a thriving retail environment. No elevators are present on the property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,871,543

  6.5%

  $1,727,578

  7%

  $1,604,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,271,030

  Geo Method

  $4,988,586

• Alternative Use

  Use

  Valuation

  Residential

  $1,727,578

  Hospitality

  $1,582,452

  Educational

  $1,316,582

  Medical

  $1,361,861

  Retail

  $2,048,016

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.3675

Longitude

-91.0745

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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