Baton Rouge Mixed Use Investment-11% CAP

Retail-Commercial for Sale
Also listed as Shopping Center, Multi-Family
Catylist Listing ID: 30163196
Property Subtypes: Day Care Facility, Mixed Use, Retail-Pad, Other
Building Size (RSF): 4,650 SF
Gross Land Area: 0.43 Acres
Sale Price: $275,000
Unit Price: $59.14 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.3%
Last Updated: 9/23/2020

Overview / Comments

10869 Red Oak Drive features a unique mixed use investment opportunity for sale. Situated three (3) minutes from the Florida Blvd & N Sherwood Forest Dr intersection. This property offers both residential and commercial use with a 1,650 SF single family home and 3,000 SF of commercial space. The building is fully occupied, leading to instant income once purchased. Multiple possible future uses with commercial zoning in a neighborhood dominated by residential zoning. The purpose of the light commercial district (C1) is to permit retail commercial uses serving the surrounding community.

• Unique Mixed Use Investment Opportunity For Sale
• Motivated Owners. Bring All Offers
• Located Near Florida Blvd & N Sherwood Dr Intersection
• 1,650 SF Single Family Home
• 1,500 SF Daycare
• 500 SF Additional Daycare Space
• 1,000 SF Salon
• Clean Property Surrounded By A Quiet Neighborhood
• Spot Zoned Commercial (C1)
• Not In Flood Zone
• 11.3% Cap Rate On Current NOI
• See Flyer For Income/Expense Report

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 41
Tax ID/APN: 2329867
Zoning: C-1
Retail Clientele: General, Family, Business, Other
Property Visibility: Good
Largest Nearby Street: Florida Blvd.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,657 85,496 213,404
Median Age: 34.88 36.2 35.71
Households: 5,198 34,268 85,396

Contact

Photograph of Listing Agent

Travis A Thornton

Beau Box Commercial Real Estate Baton Rouge, LA 70808
LACDB Member
Photograph of Listing Agent

Ashlyn Plaisance

Beau Box Commercial Real Estate Baton Rouge, LA 70808
LACDB Member
Photograph of Listing Agent

Reiss Weil

Beau Box Commercial Real Estate Baton Rouge, LA 70808
LACDB Member
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