159 State StBaton Rouge, LA 70802

Property Details for 159 State St

Property size (Sq ft)

3,049 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

716685

APU

716685

Description

This exceptional 2,900 square foot single-tenant retail building is ideally situated near the LSU campus in Baton Rouge, Louisiana, at 159 W. State St, zip code 70802. The property's C-1 zoning makes it suitable for a variety of retail uses. The layout features a spacious, open sales floor perfect for showcasing merchandise, complemented by a convenient office area in the rear. Its prime location offers unparalleled access to a large student population, with proximity to several student apartment complexes and on-campus housing. This ensures high foot traffic and a strong potential customer base. The surrounding area boasts a vibrant mix of established businesses, including well-known national chains such as The Athlete's Foot, Chipotle, Buffalo Wild Wings, CVS, and Raising Cane's, as well as local favorites like The Chimes and The Varsity Theatre. This strategic location within walking distance of these popular establishments further enhances the property's visibility and appeal to potential tenants. The property presents a compelling investment opportunity for those seeking a thriving retail space in a high-demand area. This is a rare opportunity to acquire a well-positioned retail property in a dynamic and growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $517,237

  6.5%

  $477,449

  7%

  $443,346

• Comparable approach

  Method

  Valuation

  Relative Method

  $360,500

  Geo Method

  $1,414,902

• Alternative Use

  Use

  Valuation

  Residential

  $477,449

  Hospitality

  $437,341

  Educational

  $363,863

  Medical

  $376,376

  Retail

  $566,008

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4179

Longitude

-91.1774

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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