I-10 and Siegen Lane
Vacant Land
for Sale
| Catylist Listing ID: |
28647488 |
| Property Subtypes: |
Office
|
| Gross Land Area: |
10.25 Acres
|
| Sale Price: |
$10 PSF |
| Total Price: |
$4,464,900 |
| Land Splits Available: |
Yes |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/2/2022 |
Overview / Comments
Prime visibility from Interstate 10 at the Siegen interchange being developed as an office condominium development. Property is priced as a site with Final Development Plan approval in place or as individual pad sites available upon completion of the infrastructure. Property has been zoned as a planned unit development restricted for office use. Great location for companies needing visibility and strong community presence fronting on Interstate 10. Seller will sell the entire parcel for a single developer.
The property has already been studied for Traffic Impact and upgrades will be made by the developer upon commencement of construction. This will include modifications to the signal, additional turning lanes and change in traffic flow at Kinglet and Interstate 10.
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Additional Details
| Nearest MSA: |
Baton Rouge |
| County: |
East Baton Rouge |
| Submarket/Township: |
53 |
| Tax ID/APN: |
015-0782-6 |
| Zoning: |
PLANNED UNIT DEVELOPMENT |
| Property Located Between: |
Interstate 10 @ Siegen Lane |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Interstate 10 |
| Highway Access: |
Interstate 10 and Siegen Lane |
| Site Description: |
The property is located adjacent to Interstate 10 and Siegen Lane. The PUD has a final development plan approval which already addresses drainage, traffic and design concerns with no deed restrictions that would prevent the property being developed according to the accepted plan as an office condominium with individual pad sites. Perfect opportunity for a developer to build the entire subdivision or for individual buyers that need condominium pad sites for garden offices. Property is priced as one bulk development site with individual pad sites priced upon completion of development budget.
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Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,074 |
70,756 |
186,374 |
| Median Age: |
33.47 |
37.59 |
36.63 |
| Households: |
1,689 |
30,994 |
78,034 |
|
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