Nicholson Drive Mixed-Use Development
1564 Nicholson Dr, Baton Rouge, LA 70802
2.048 acres between Downtown Baton Rouge and LSU.
Type:Retail, Multifamily, Hospitality, Land
Property size:
13,500 SFLot size:
2.05 AcresPrice / SF:
$165/SF- Added:
- May 27, 2020
- Days on Market:
- 2195
- Last Refresh:
- May 19 at 11:39 pm
Property Features for 1564 Nicholson Dr
General Information
- Standard status
- Active
- Size
- 13,500 SF
- Lot size
- 2.05 Acres
- Property subtype
- Retail, Multifamily, Hospitality, Land
Listing agent Ty Gose License #LA SALE.0000070995-ACT
Listing office CBRE - Baton Rouge
Listing date May 27, 2020
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Baton Rouge
HighLights
- Strategic location between Downtown Baton Rouge and Louisiana State University (LSU).
- +/- 2.048 Acres with +/- 258' of frontage on Nicholson Drive.
- Located within an Opportunity Zone.
- Future land use plans will change zoning to Mixed‑Use.
- Proximity to The Water Campus, a 35‑acre research and development business park.
- Existing +/- 13,500 SF building on the north side of the property.
Overview
This property features approximately 2.048 acres on Nicholson Drive, situated between Downtown Baton Rouge and Louisiana State University. It benefits from roughly 258 feet of frontage on Nicholson Drive and is located within an Opportunity Zone. The site includes an existing building of approximately 13,500 square feet on the north side, with the remaining area comprising an asphalt and gravel surface lot. A curb-cut at McClung Street provides full access from Nicholson Drive. Currently zoned C1, C2, C-AB-2, and M1, future land use plans anticipate a zoning change to Mixed-Use. The property's strategic location places it between Baton Rouge's two largest employment centers: the Downtown CBD and Louisiana State University. Nicholson Drive serves as a key link between these areas. Just north is The Water Campus, a 35-acre research and development business park focused on water issues, and the River House development, featuring over 220 luxury apartments. To the south, over 40 acres of assembled parcels were planned for The River District project. Further south, near the LSU Campus, is the 28-acre Nicholson Gateway development, a mixed-use student housing and retail area with over 1,500 beds and 50,000 square feet of retail space.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $210.6k | $15.60 |
| − Vacancy | −$8.4k | −$0.62 |
| EGI | $202.2k | $14.98 |
| − OpEx | −$75.8k | −$5.62 |
| NOI | $126.4k | $9.36 |
13,500 SF · lease $15.60/SF/yr · vacancy 4.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.81M
$1.58M – $2.11M
NOI $126,360 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.23M
$2.83M – $3.77M
NOI $226,319 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Lighthouse Christian Fellowship ...
Church
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.188114
- Latitude
- 30.4332208
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 2.048 acres between Downtown Baton Rouge and LSU.
Where is this commercial land located?
The property is located at 1564 Nicholson Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,230,272.
What are key features of this property?
This property features: Strategic location between Downtown Baton Rouge and Louisiana State University (LSU).; +/- 2.048 Acres with +/- 258' of frontage on Nicholson Drive.; Located within an Opportunity Zone.
