Catylist ID: #30180632
Commercial Land For Sale Airline Highway
Vacant Land for Sale
|Catylist Listing ID:||30180632|
|Property Subtypes:||Industrial, Office, Retail, Other|
|Gross Land Area:||2.12 - 3.07 Acres|
|Sale Price:||$1,320,000 - 2,192,000|
|Sale Terms:||Cash to Seller|
Overview / Comments
Location: Adjacent to intersection of Airline Highway and Post Office Road
High Traffic / High Visibility with frontage on both Airline Highway and Post Office Road.
Land: 2.12 (+/-) acres / 92,347.2 (+/-) square feet
Improvements: There is a residential structure on the property which is of no value
Zoning: MU - Mixed Use Corridor
Assemblage: Owner is also offering the adjacent 0.95 acres at the hard corner of Airline and Post Office Road For Sale separately at $872,000. This adjacent tract produces income through a Ground Lease to a Chevron operator producing $3,488.65 NNN per month / $41,863.80 per year with annual CPI rent increases. Leased through April 30th, 2031 with one (1) ten (10) year renewal option.
Price: $1,320,000 / $14.29 per square foot.
Attachments & Media
|Nearest MSA:||Baton Rouge|
|Proximity:||1 mile||3 miles||5 miles|
Bryce FrenchMax J Derbes Inc New Orleans, LA 70123-3229
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