River Park Property for Sale | Offers Due 11.15.2020

Vacant Land for Sale
Call for Offers
Catylist Listing ID: 30656220
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort
Gross Land Area: 23.52 Acres
Sale Price: $1
Unit Price: $0.04 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Call for Offers: Yes
Cap Rate: Undisclosed
Last Updated: 10/14/2020

Overview / Comments

Rare opportunity to acquire a large development tract on the Mississippi River. Situated on high ground with no view obstruction from the levee, this incredible property is in the heart of Downtown Baton Rouge directly across from the State Capitol Building, immediately adjacent to Hollywood Casino Baton Rouge on the south, Exxon Baton Rouge on the north, and just north of the IBM Baton Rouge Client Innovation Center.

Downtown Baton Rouge has experienced a significant resurgence in recent years with budding downtown residential occupancy, and new hotel development.

The offering is 23.52 acres of land with 1,846 linear feet of frontage on the Mississippi River, and is located in a Qualified Opportunity Zone. There is incredible density permitted under an existing Planned Unit Development. The River Park Development concept originally included approximately 500 hotel rooms, 1,100 multi-family units, 400,000 square feet of retail space and up to 600,000 square feet of office space.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 70
Tax ID/APN: 003-6422-3
Zoning: PUD
Property Located Between: River Road and the Mississippi River
Property Visibility: Excellent
Largest Nearby Street: River Road
Rail Access: Yes
Zoning Description: Planned Unit Development (PUD): A special zoning classification requiring a unitary development for property ten acres or more in size indicating the land uses, circulation, parking, setbacks, housing densities, building locations, land coverage, landscaping, relationships, streets, and architectural treatments.
Part of Planned Development?: Yes
Development Name: River Park (Proposed)
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,845 67,577 154,540
Median Age: 36.33 33.57 32.27
Households: 1,502 26,302 59,607

Contact

Photograph of Listing Agent

Gordon McLeod

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
Photograph of Listing Agent

S. Parkerson (Parke) McEnery

The McEnery Company New Orleans, LA 70112
LACDB Member
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