High Profile Redevelopment on Airline Hwy
Vacant Land
for Sale
Also listed as Retail-Commercial, Industrial
| Catylist Listing ID: |
30806294 |
| Property Subtypes: |
Industrial, Multi-Family, Office, Retail, Self Storage, Other
|
| Gross Land Area: |
175,547 SF
|
| Sale Price: |
$1,900,000 |
| Unit Price: |
$10.82 PSF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/14/2024 |
Overview / Comments
|
This +/- 4-acre site is located at the signalized intersection of Airline Hwy and Old Jefferson. It was formerly a self-storage facility but took on water in the flash flood of May 2022. The owner has decided to sell instead of rebuilding it. A mitigation study has been done to show there's still a net usable land area of just over 3.5 acres. With its excellent visibility on Airline Hwy, along with average daily traffic counts of over 40,000, this site is prime for a retail or industrial redevelopment.
|
Additional Details
| Nearest MSA: |
Baton Rouge |
| County: |
East Baton Rouge |
| Submarket/Township: |
62 |
| Tax ID/APN: |
020-5506-6 |
| Zoning: |
HC1 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,235 |
85,490 |
195,799 |
| Median Age: |
34.71 |
36.32 |
36.19 |
| Households: |
2,276 |
37,312 |
81,383 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
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