6 Acre Re-development Site or Historic Tax Credit Project

Industrial for Sale
Catylist Listing ID: 30458952
Property Subtypes: Cold Storage, Flex Space, Food Processing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Self Storage, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 50,000 SF
Gross Building Area: See Agent
Gross Land Area: 6 SF
Sale Price: $1,400,000
Unit Price: $28 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2020

Overview / Comments

This 6 acres is an ideal mixed used redevelopment site. Also, the existing buildings have received Part 1 approval for both Federal and State Historic Tax credits. Together, they equal 40% of qualifying expenditures, which include soft costs and developer fees. Preliminary plans call for re-purposing the old diary production and storage buildings into a multi-tenant, multi-use property property totaling approximately 50,000 SF. Because the site is 6 acres, and fronts on two streets, there is ample room for additional development. A NFA letter has been issued by LDEQ. Call for copy of preliminary re-development plans.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 60
Tax ID/APN: 005-2894-3
Zoning: M1 / C2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,873 106,947 212,896
Median Age: 34.49 33.72 33.89
Households: 6,252 43,640 86,358

Contact

Photograph of Listing Agent

Andy McCall

Momentum Commercial Real Estate Baton Rouge, LA 70809
LACDB Member
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